Short-Term Forex Technical Outlook: EUR/CHF Mounting concerns for the U.S. (Forex)

Mar.31, 2009 in Uncategorized

Short-Term Forex Technical Outlook: EUR/CHF
Mounting concerns for the U.S. automotive and banking sector sparked a rise in risk aversion across the financial markets, and as the European Central…
strategist@dailyfx.com (David Song, Currency Analyst)

Forex Technical Analysis
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.2951 and 1.3834. Yesterday’s low at 1.3112 was a test of the 1.3092 support zone and currently a larger corrective phase is…

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Short-Term Forex Technical Outlook: EUR/CHF Mounting concerns for the U.S. (Forex)

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