EUR/CHF barely moved for the session on Thursday even though the Euro got hit in general. The pair is at the bottom of the recent range, and the 1.20 level below is being defended by the Swiss National Bank. The pair looks as if it is going to consolidate between 1.21 and 1.24 going forward, and as a result we are buying at these lower levels on signs of life. At the moment though – it looks very quiet and that keeps us flat.
EUR/CHF Forecast January 6th, 2012, Technical Analysis
Originally posted here
