Tuesday, August 9, 2011

EUR/CHF ~ Update ~ 9 August 2011

One week ago, when I posted my last update, the EUR/CHF was trading around 1.10.

Today the EUR/CHF plunged below 1.05!

At this speed we'll be below 1.00 by the end of next week... We'll see if we really get this low or if the SNB steps in earlier and tries to weaken the CHF.

Resistance levels are around 1.07-08, 1.14ish and 1.18ish.