Going Long EURCHF As It Has Pulled Back to Support

EURCHF has pulled back to support — a major support level established when the Swiss National Bank declared it would defend the 1.20 level on EURCHF back in 2011.

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Elliott Wave Forecast For EURUSD and USDCHF

The market has been very slow for the last few sessions, so we suspect that pairs are trapped in corrective price action that will send USD lower in

USD/CHF: Dollar Rises as Payroll Gains Surpass Estimates

Upbeat labor market figures are believed to buoy the US dollar today opposite the Swiss franc as unemployment in the US fell to a near four-year low in

USD/CHF: Greek Worries and Upbeat Economic Data to Push Greenback Higher

The US dollar is presumed to prevail in the battle of the safe havens today as the failure among Euro Zone finance ministers to clinch a deal over

U.S. Dollar Rallies; Boosted by Risk Aversion, Weak U.S. Employment Outlook

The U.S. Dollar Index made a new high for the year, boostedby the sharp sell-offs in the Euro, British Pound and the commodity-linkedcurrencies. Gains were limited slightly by

U.S. Dollar weakens as Investors put Risk Back on the Table

The U.S. Dollar finished the day down against most majorcurrencies with the exception of the Japanese Yen. Low volume ahead of Friday’sU.S. Employment report may have contributed to

U.S. Dollar Closes Mostly Higher Boosted by Risk Aversion

The U.S. Dollar finished the first full session back fromthe holiday week-end by posting gains against most major currencies. Riskaversion was the theme today as traders punished the

U.S. Dollar Closes Mostly Higher Boosted by Risk Aversion

The U.S. Dollar finished the first full session back from the holiday week-end by posting gains against most major currencies. Risk aversion was the theme today as traders

British Pound Soars on Speculation

The GBP USD soared 1 percent Tuesday morning boosted byspeculation that U.K.insurer Prudential may withdraw its takeover bid of AIA. The GBP USD soared 1 percent Tuesday morning boosted

U.S. Dollar Wavering in Thin Holiday Trade

The U.S. Dollar is trading higher at the mid-session afterwavering for most of the morning. Thin holiday trading is the reason behindinvestor indecision today. Thursday’s action was most