Friday, April 17, 2009

UniCredit forecasts growth in the euro / franc

According to UniCredit, the euro / franc is likely to return to the region above 1.52 today, if the speech of two members of the National Bank of Switzerland, will remind the market that the bank can not prevent the strengthening of the Swiss franc. The pair is already at a point 1.5163. Traders note a great interest in the area of 1.5150 associated with the expiration of the option today at the New York session, it may be necessary to limit a couple of the current level. Ofer seen at 1.5180/85 while bidy are on the way to 1.5080.

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