The Swiss Franc also rose against the euro. EUR/CHF broke support zone at 1.5090 and fall to 1.5060 only 5 pips above May lows. The Swiss has recovered yesterday loses and now is heading to a weekly gain to the euro.
Friday, May 8, 2009
Forex: Dollar keeps falling; USD/CHF reaches 5-month low
While markets holds gains dollar can’t stop falling. Swiss Franc is rallying. USD/CHF now is being traded at 1.1088 reaching a 5-month low. If the pair maintains this level it will be the lowest close since January 8th. So far today the pair is down almost 2% with a free fall of more than two hundred pips. Next resistance level could be found at 1.1060.
The Swiss Franc also rose against the euro. EUR/CHF broke support zone at 1.5090 and fall to 1.5060 only 5 pips above May lows. The Swiss has recovered yesterday loses and now is heading to a weekly gain to the euro.
The Swiss Franc also rose against the euro. EUR/CHF broke support zone at 1.5090 and fall to 1.5060 only 5 pips above May lows. The Swiss has recovered yesterday loses and now is heading to a weekly gain to the euro.
