Data released this morning from the Swiss National Bank shows that foreign currency reserves continued to decline in November, after spiking in September, as shown on the graph below (provided courtesy of
www.forexfactory.com). Click this link for further details:
http://www.forexfactory.com/#details=41362
At the moment, the
EUR/USD remains locked below resistance at
1.34 and above support at
1.33 as shown on the
Daily and
4-Hour charts below...
we may have to see a break away (and hold) from either of these levels before we see what the equities markets have in store.
