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EUR/CHF Technical Analysis for the Week of October 17, 2011

By
Christopher Lewis
Updated: Jan 1, 2011, 00:00 GMT+00:00

The EUR/CHF pair had a very flat week over the last several days, and continues to sit still in general. The pair could be the great trade of someone’s

EUR/CHF Technical Analysis for the Week of October 17, 2011

The EUR/CHF pair had a very flat week over the last several days, and continues to sit still in general. The pair could be the great trade of someone’s career if the EU gets it together, as the Swiss National Bank isn’t going to let this thing fall below the 1.20 mark. However, that seems to be wishful thinking at this point. We are waiting for the EU to come up with a feasible solution to its problems, and then we would buy and hold this pair for months, if not years. Until then – we aren’t trading it.

About the Author

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.

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