EUR/CHF fell again on Friday as the Euro continues to suffer against most currencies worldwide. The pair has massive support at the 1.21 level however, and the Swiss National Bank has imposed a “floor” at 1.20, making the downside risk very limited. With this in mind, the pair looks like a buy on any signs of support going forward. A break below 1.20 has to be defended by the SNB, else their credibility is gone, and the markets will sink this pair in a much more rapid manner than before if that happens.
EUR/CHF Forecast January 9th, 2012, Technical Analysis
Originally posted here
