By FX Empire.com
EUR/CHF continues to grind sideways as the rest of the markets are volatile. The Euro has held up in this pair mainly because of the interference of the Swiss National Bank. If it weren’t involved in the markets, one would have to think the pair would be sitting much lower at this point in time. The pair is going to be the ultimate “buy and hold” pair someday, but the EU has to get its act together before that happens, and that is going to take some serious time. In the mean time, we wait for dips to buy for short-term scalps in this market.
EUR/CHF Forecast Nov. 16th, 2011, Technical Analysis
Originally posted here
