Tuesday, May 31, 2011

EUR /CHF:The direction of EUR /CHF 1.2099 and indicates 1,2256 - UBS

Key technical signals the direction for the euro / Swiss franc at 1.2099 are 1.2256 and say to UBS. "Given that the euro / dollar has stabilized recently, the fall of the euro / franc also slowed, and the first time in a long time Frank was not able to reach new record highs on Monday" - economist says Reto Hyunervadel. "The illiquid market currency pairs with the Franks were unable to grow, " - he adds. As at 09.34 GMT, the euro / franc was trading at 1.2270.

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