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EUR/CHF Forecast December 13, 2011, Technical Analysis

By:
Christopher Lewis
Updated: Jan 1, 2011, 00:00 UTC

EUR/CHF continues to grind sideways over in a very tight range. The pair is kept lower by the 1.25 resistance area, and the “floor” below at the 1.20

EUR/CHF Forecast December 13, 2011, Technical Analysis

EUR/CHF continues to grind sideways over in a very tight range. The pair is kept lower by the 1.25 resistance area, and the “floor” below at the 1.20 level as announced by the Swiss National Bank. The pair looks like it wants to break out, but the problems in the EU continue to plague the viability of owning the Euro in general. Because of this – we are avoiding this pair altogether.

EUR/CHF Forecast December 13, 2011, Technical Analysis
EUR/CHF Forecast December 13, 2011, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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