By FX Empire.com
EUR/CHF fell during the session on Friday as the Euro lost ground against most currencies. The pair continues to fall, but the floor in the market at the 1.20 level is still in effect from the Swiss National Bank. The pair is a “buy only” one for us, but we think this price action shows a real hint at lower prices. Because of this, we want to see supportive action closer to the 1.20 level in which to go long. Until that happens, we must be patient as the market must come to us, not the other way around.
EUR/CHF Forecast February 13, 2012, Technical Analysis
Originally posted here
