By FX Empire.com
The EUR/CHF pair rose quite strongly during the Monday session as Swiss officials reiterated their resolve to weaken the Franc against the Euro and all other currencies. With this in mind, a breakout could come, but it seems somewhat dicey to think that the Euro will rise for any significant amount of time. With knowing this, we aren’t ready to buy. If we can close on a daily chart above the most recent highs – we will consider it. For the Tuesday session, we will be watching very closely.
Originally posted here
