EUR/CHF Forecast Nov. 23rd, 2011, Technical Analysis

EUR/CHF fell during the session on Tuesday as traders bought the Franc against many currencies. At the moment, this pair really isn’t tradable as the overhead resistance at the 1.25 level seems very strong, and the SNB has been very active in working against the value of the Franc. With this in mind, we are simply waiting for the 1.25 level to be closed above, and then we would be willing to buy this pair for the long term. Until then – we can only watch.

EUR/CHF Forecast Nov. 23rd, 2011, Technical Analysis EUR/CHF Forecast Nov. 23rd, 2011, Technical Analysis

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