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 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
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
