EUR/CHF Forecast April 7, 2015, Technical Analysis

The EUR/CHF pair went higher during the course of the session on Monday, but the 1.05 level continues to offer resistance. Because of this, it’s not until we break above that level that we are willing to buy. On the other hand, if we break down below the 1.04 level, we are willing to start selling yet again. At that point time, we expect that the market should then go down to the parity handle. The EUR/CHF pair continues to be a pair that we watch quite intently, simply because it was the center of all of the action after the SNB meltdown. We are watching both of the aforementioned levels for potential trades. Until then, we simply sit on the sidelines.