EUR/CHF Forecast Dec. 2nd, 2011, Technical Analysis

EUR/CHF had a good day for the bulls on Thursday, but managed to give back some of the gains late in the session. The Swiss National Bank is rumored to be considering negative interest rates, and as a result this could curb demand for the Franc even further. However, the EU is still a mess, and this pair will only see minimal upside until the Europeans get their act together. Once a debt crisis solution is finally implemented, this pair will become a great buy-and-hold trade for the long term. We are looking for a close above the 1.25 level on the daily chart in order to buy.

EUR/CHF Forecast Dec. 2nd, 2011, Technical Analysis EUR/CHF Forecast Dec. 2nd, 2011, Technical Analysis

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