EUR/CHF Forecast December 15, 2011, Technical Analysis

The EUR/CHF pair rose during the session on Wednesday as the market continues to grind back and forth in the 1.22 to 1.24 range. The pair is supported by the Swiss National Bank, and should continue to be so going into the future. The 1.25 level cannot be broken, and to be honest it makes sense as the Euro isn’t a place we would want to invest in. The daily close above the 1.25 level has us long of this pair, otherwise we simply wait.

EUR/CHF Forecast December 15, 2011, Technical Analysis
EUR/CHF Forecast December 15, 2011, Technical Analysis

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