By ForexMansion.com
The EUR/CHF had another positive week, and ended it right at the highs. This is a very bullish sign as traders have piled into this pair. However, it should be said that it currently sits just below the important 1.32 resistance level, of which its next move will be discerned from. Because of this a pullback is possible, and could push the pair down. However, it should be stated that the pair looks constructive, and a move upward overall is very possible. The battle lines are drawn – above 1.32 sends the pair much higher. Below it means it will need to build up more buying pressure.
Originally posted here
