Wednesday, October 20, 2010

CHF: Tuesday was a campaign a roller coaster for Swissy

Tuesday was something of a rollercoaster for Swissy.Nevozmozhno say for sure whether he was a winner or loser in the dollar against the resistance. The situation is clearly visible in the price action pair EUR / CHF, which originally broke the level of 1.3440, before falling to 1.33 by the close of trading in New York. In anticipation of the Fed meeting in early November, this factor can affect the entire world, against the backdrop of strong trends of the last month - six weeks. At the moment, at least monthly 1.3265 for EUR / CHF is actively discussed by investors, a further reduction could lead to additional problems for the SNB in the context of force against the CHF currencies of its main trading partner.

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