EUR/CHF had a very bearish week as traders pushed the market to the lower end of the recent trading range. The pair has a “floor” at the 1.20 level by the
EUR/CHF had a very bearish week as traders pushed the market to the lower end of the recent trading range. The pair has a “floor” at the 1.20 level by the Swiss National Bank recently, and this will keep any moves to the downside at bay. The market has been in a range between 1.24 and 1.22, and until the EU gets the financial crisis under control, we think this pair continues to be a scalper’s market as it grinds sideways.
EUR/CHF Forecast for the Week of December 19, 2011
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.
