EUR/CHF Forecast Nov. 29th, 2011, Technical Analysis

EUR/CHF fell during the session on Monday as the Euro rose against almost all other currencies. The pair is supported by the Swiss National Bank, and as it couldn’t rise – shows just how weak the Euro is in general. The rise in the other pairs was pared back by the end of the session, and this pair looks like it is signaling a further decline in the overall value of the Euro. With the SNB having a “floor” at 1.20, we aren’t in this pair at the moment, but do use it as a barometer of underlying Euro strength or weakness.

EUR/CHF Forecast Nov. 29th, 2011, Technical Analysis EUR/CHF Forecast Nov. 29th, 2011, Technical Analysis

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