EUR/CHF Forecast for the Week of Nov. 21st, 2011, Technical Analysis

EUR/CHF continues to sit still as the week was unchanged. The pair is being supported by the Swiss National Bank but still cannot clear the 1.25 level. Once it does – this pair becomes as long-term buy and hold trade. But at the moment, there are no signs that this will happen any time soon. The pair looks ready to run to the upside, but the Europeans are going to have to get the debt crisis under control before it does, and this is something that seems a long way off. We buy for the long-term on a weekly close above 1.25 at this point, and can only wait for it to happen.

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