EUR/CHF Forecast for the Week of June 4, 2012, Technical Analysis

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The EUR/CHF pair continues to be a pair that simply cannot be traded on any long term basis. The Swiss National Bank has been very effective in keeping the pair above the 1.20 handle, and has pledged to buy “unlimited Euros” in order to do so. It is obvious that the market is respecting the power of the central bank, and as a result it simply cannot or will not push this pair lower. Of course, there is no real reason to buy Euros at the moment, so this pair is effectively “stuck” at this time. 

EUR/CHF Forecast for the Week of June 4, 2012, Technical Analysis

EUR/CHF Forecast for the Week of June 4, 2012, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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