EUR/CHF Forecast February 11, 2016, Technical Analysis

The EUR/CHF pair initially fell during the course of the day on Wednesday, but bounced enough to form a bit of a hammer. By doing so, the market looks as if it is going to continue to go higher and we are starting to find buyers after the initial breakout. We believe that this market will continue to go much higher, and therefore we really are bullish when it comes to this particular pair. It might be choppy, but we believe that this market will eventually recapture all the losses from the currency peg being removed.