The EUR/CHF fell slightly on Tuesday as the market continues to move sideways. The floor at 1.20 hasn’t even been seriously tested, and the upside potential of the Euro in general is very suspect at best. The market will more than likely continue to grind sideways for the foreseeable future as this pair simply has no real catalyst to move in either direction. The EU will have to get the financial crisis under control before this pair can break above 1.25, and the 1.20 level will undoubtedly bring out the Swiss National Bank if we get to that level or below. With that in mind, we are scalping this pair for a handful of pips at a time.
EUR/CHF Forecast December 28, 2011, Technical Analysis
Originally posted here
