EUR/CHF rose again during the Friday session, but only slightly so. The pressure is certainly to the downside in this pair currently as each rally is only
EUR/CHF rose again during the Friday session, but only slightly so. The pressure is certainly to the downside in this pair currently as each rally is only producing slight momentum. With the massive issues in the EU presently, it is hard to think there will suddenly be a change of attitude regarding owning the Euro. The pair does have a floor at 1.20 mandated by the Swiss National Bank though, so we aren’t keen to sell at these levels now. We like buying on dips, but understand that these trades are of the ultra-short term kind for 20 pips at a time or so.
EUR/CHF Forecast December 26, 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.
