EUR/CHF Forecast February 10, 2016, Technical Analysis

The EUR/CHF pair fell significantly during the course of the session on Tuesday, but has found quite a bit of support below, extending all the way down to the 1.09 level. With this being the case, the market could very well see a bounce from here, but we are going to need to see this market go back above the 1.10 level in order to start buying again. If we do that, we are more than willing to start buying again as the market should then try to get to the 1.10 level, perhaps even higher than that.