EUR/CHF Forecast February 21, 2012, Technical Analysis

EUR/CHF is one of the most unique pairs on the market right now. Unlike most others, this one has a clear cut barrier. The Swiss National Bank is currently defending the 1.20 level as the “minimum acceptable rate” that it will let this pair trade at. Because of this, the pair simply cannot be sold at this area. The pair did fall during the Monday session, but the floor is just below, and as a result we are looking to buy on supportive candles, mainly from a shorter time frame. The trade would be short-term, but could be good for a quick 50 – 60 pip gain.

EUR/CHF Forecast February 21, 2012, Technical Analysis
EUR/CHF Forecast February 21, 2012, Technical Analysis

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