EUR/CHF Forecast Nov. 30, 2011, Technical Analysis

EUR/CHF is a strange pair at the moment. During the Tuesday session, it continued to fall while Euro caught a bit of a bid in earlier hours against many other currencies. The Euro fell later, and this pair stayed quiet. However, the nature of the Swiss National Bank having a “floor” in this pair at 1.20 means that things have to be pretty bad in order to sell this pair. And this is exactly what happened on Tuesday as traders simply do not trust the Euro. While we don’t really advocate buying this pair yet, we are waiting to see a daily close above 1.25 in order to go long for the long-term in this market.

EUR/CHF Forecast Nov. 30, 2011, Technical Analysis EUR/CHF Forecast Nov. 30, 2011, Technical Analysis

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