EUR/CHF had a very bearish week as traders pushed the market to the lower end of the recent trading range. The pair has a “floor” at the 1.20 level by the Swiss National Bank recently, and this will keep any moves to the downside at bay. The market has been in a range between 1.24 and 1.22, and until the EU gets the financial crisis under control, we think this pair continues to be a scalper’s market as it grinds sideways.
EUR/CHF Forecast for the Week of December 19, 2011
Originally posted here
