EUR/CHF Forecast for the Week of December 5, 2011, Technical Analysis

EUR/CHF continued to go sideways during the previous week as traders avoid buying the Franc, but simply do not want to own the Euro. The pair currently has a “floor” of 1.20 as dictated by the Swiss National Bank, and cannot rise above the 1.25 mark as the EU has so many problems currently. Someday, this pair will break above the 1.25 level, and it will become a buy-and-hold pair. However, we don’t see this happening in the near term, and as such have a hard time placing anything even remotely long-term based as far as a trade in this pair.

EUR/CHF Forecast for the Week of December 5, 2011, Technical Analysis EUR/CHF Forecast for the Week of December 5, 2011, Technical Analysis

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