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
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.
