The EUR/CHF pair rose during the session on Wednesday as the market continues to grind back and forth in the 1.22 to 1.24 range. The pair is supported by
The EUR/CHF pair rose during the session on Wednesday as the market continues to grind back and forth in the 1.22 to 1.24 range. The pair is supported by the Swiss National Bank, and should continue to be so going into the future. The 1.25 level cannot be broken, and to be honest it makes sense as the Euro isn’t a place we would want to invest in. The daily close above the 1.25 level has us long of this pair, otherwise we simply wait.
EUR/CHF Forecast December 15, 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.
