USDCHF’s upward movement from 0.9043 extends to as high as 0.9769. Further rise is still possible next week, and next target would be at 0.9900 area. Support is at 0.9500, only break below this level could signal...
The Greek banks received a total of 18 billion Euros as the second program of assistance to Greece from the EU and the IMF.
Technical analysis for 29/05
USDCHF breaks above 0.9594 previous high resistance, suggesting that the uptrend from 0.7067 (Aug 9, 2011 low) has resumed. Further rise could be expected in a couple of weeks, and next target would be at 0.9800 area....
The Retail Sales in the UK were significantly worse than expected in April.
The “G8” leaders agreed to continue taking measures to strengthen the
USDCHF’s upward movement from 0.8931 extends to as high as 0.9500. Another rise to test 0.9594 previous high resistance would likely be seen next week, a break above this level will indicate that the longer term uptrend...
Is there anyone who does not know the Europeans have a severe debt crisis which has the potential to engulf the world in one more financial melt down?
Technical analysis for 17/05
The dollar rose on fears of aggravating the situation in Europe.