EUR/CHF rose during the session on Tuesday from the lows that it has been sitting on for the last two weeks or so. The pair has the Swiss National Bank supporting it, so it isn’t a surprise that we saw a pop in this pair. After all, you simply cannot short this pair at this level as we aren’t that far from the 1.20 floor into the market.
We are willing to buy this pair now on short-term dips, but the pair will more than likely grind than run. The pair continues to be a buy only pair, and if we could ever close above the 1.25 level – this could be a nice long-term trade.
EUR/CHF Forecast January 25, 2012, Technical Analysis
Originally posted here
