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EUR/CHF Forecast August 6, 2015, Technical Analysis

Christopher Lewis
Christopher Lewis
eurchf

The EUR/CHF pair broke higher during the course of the session on Wednesday, testing the highs that we have recently put into this market. We believe that the market is ready to go towards the 1.08 level, and with the Swiss National Bank working against the value of the Swiss franc in general, it makes sense that this market will continue to head higher. Pullbacks should continue to be buying opportunities, as this market looks to continue to head towards not only the 1.08 level, but the 1.10 level after that. We have no interest in selling.

 

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