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
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.
