EUR/CHF Forecast August 10, 2015, Technical Analysis

The EUR/CHF pair broke higher during the course of the session on Friday, testing the 1.08 region. This is an area that is significant resistance, but at the end of the day the Swiss National Bank will continue to work against the value of the Franc, especially in this pair. With that, we are buyers of pullbacks as it should just simply be an exercise in momentum building as we eventually reach towards the 1.10 level, and then 1.20 given enough time. We believe that this will be a nice trend is that you can follow once we get above the 1.08 level to the upside.