EUR/CHF Forecast December 29, 2011, Technical Analysis
EUR/CHF fell during the session on Wednesday as the Euro sold off in general. The market for this pair has been very range bound recently, and we are getting close to the bottom of the range. The pair isn’t necessarily a buy yet though, as the Euro is falling hard against many other currencies. It might be difficult to buy this pair, and selling isn’t possible as the Swiss National Bank is willing to step into the market and intervene if we get too close to the 1.20 level. For now, we are flat in this pair.