By FXEmpire.com
The EUR/CHF pair is without a doubt one of the most interesting pairs in the FX markets right now. Tuesday saw this pair fall slightly, but rise in the end, testing the 1.15 area again. The 1.15 area seems to be relatively resistive, and might be the key for further upside.
The Swiss National Bank is expected to announce measures to stem the rise of the Franc against the Euro (and other currencies) on Wednesday, and as such – we think this market will be very volatile and dangerous during the Wednesday session. If the announcement is made, and the pair cannot rally above 1.15 for any significant amount of time – this becomes a screaming sell. If it does rise above that level – the pair is best left alone in our opinion.
About the FX Empire:
The FX Empire is dedicated to providing the most expert and timely technical and fundamental analyses to our readers. Coupling those with our Forex broker overviews and our Forex news updates assists our readers in making the best possible financial decisions for themselves. Our readers are among the best informed in the market, everyday.
Check out the latest Brokers Reviews by FX Empire: UFX Bank Review, YouTradeFX Review.
Find forex technical analyses, forex fundamental analyses, Forex news and information about Forex Brokers by visiting the FX Empire.
