EUR/CHF Forecast Nov. 21st, 2011, Technical Analysis

EUR/CHF fell during the session on Friday as the pair continues to tread water just below the 1.25 level. The pair’s inability to rise even when the Euro rises against the Dollar is rather telling, and shows how much distrust of the Euro there really is at the moment. Because of this, we are not willing to buy this pair until we close above the 1.25 on a strong green candle. We can’t sell – the Swiss National Bank is working against a strong Franc.

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