EUR/CHF Forecast, Nov. 22nd, 2011, Technical Analysis

EUR/CHF fell slightly during the Monday session as the Euro got hit against many of the world’s currencies. The pair is supported by the Swiss National Bank and its “floor” at the 1.20 level. Because of this, the downside in this pair is very limited, and it can only be bought at this point in time. However, the 1.25 level has been massive resistance. We like buying for a long-term buy and hold trade once we get clear of 1.25 or so. Until we get that, we aren’t trading this pair.

EUR/CHF Forecast, Nov. 22nd, 2011, Technical AnalysisEUR/CHF Forecast, Nov. 22nd, 2011, Technical Analysis

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