Tuesday, May 5, 2009

Restoration of the euro / franc may continue

Euro / franc pair is very attractive for fans of band-commerce, given that, while the sellers of the Swiss currency, not in a hurry to go on the offensive against the backdrop of the recent tendency of Representatives SNB to verbal intervention, active buyers franc also remained quite moderate, because the increased consolidation of the national currency, according to many market participants, may well lead to a real central bank intervention. Following the recent collapse of Chf1.5016 euro has stabilized and is showing a gradual recovery, in which the bulls now able to test Ofer about Chf1.5150/60. Barclays Capital Currency strategists point out that beyond a pair will largely depend on its ability to overcome these resistance, and the bank warned that the closure will be higher than the signal on the conservation of momentum bovine and potential for continued movement towards Chf1.5245 and Chf1.53 .

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