EUR/CHF Forecast January 21, 2015, Technical Analysis

 The EUR/CHF pair initially fell during the day on Wednesday, but turned back around to form a somewhat supportive candle. The candle looks a bit like a hammer, and we are at the very top of the overall consolidation range. If we can break above the 1.10 level on a daily close, we would be longer-term buy-and-hold type of traders going forward. However, pullbacks at this point in time the show signs of support could also be buying opportunities, and therefore we have no interest whatsoever in selling this market as it seems to be so well supported below.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com