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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Tuesday, September 6, 2011

Swiss Franc collapses as SNB announces EUR/CHF floor at 1.20

The EUR/CHF has bounced up from 1.1020 lows, surging about 1178 pips, retracing most of last week's decline, and reaching 1.2198 high, after the Swiss National Bank announced its commitment to enforce a 1.20 floor on the Euro Swiss.

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