could be a key chart to watch in the coming weeks as the Italy
situation continues to put pressures on the EURO
, not only that the FED are looking to continue there plan to hike rates which will have a massive impact
on the value of the EURUSD
. If the Italy
saga continues we may see a run to the CHF as it is know as the european safe haven. Technicals show we are at a key resistance level
and could potentially move lower from this point as the 4hr chart is starting to cycle lower. The key support of 1.1200 will be likely targets.