The EUR/CHF pair fell on Tuesday as the Euro continues to slide against all currencies we follow. The Swiss National Bank has put in a floor in this pair,
The EUR/CHF pair fell on Tuesday as the Euro continues to slide against all currencies we follow. The Swiss National Bank has put in a floor in this pair, and yet the Euro still can’t gain against it. Sad really, but it shows just how poorly the market thinks of owning the Euro. Someday this will be a great buy-and-hold pair, but that day is far away. We are currently flat in this market, and will remain so until we can break above the 1.25 level on a daily close.
EUR/CHF Forecast December 14, 2011, Technical Analysis
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.
