EUR/CHF Forecast January 26, 2016, Technical Analysis

The EUR/CHF pair is currently testing the 1.10 level, and as a result it looks like we are eventually going to break out. A break out above that level is a longer-term “buy-and-hold” type of signal that we have been talking about for some time, and with that we would not hesitate to start going long. Pullbacks at this point in time should find plenty of support below as well though, so supportive candles below could be used to enter the market as well. We have no interest whatsoever in selling this market.