EUR/CHF Forecast February 16, 2016, Technical Analysis

The EUR/CHF pair rose slightly during the course of the day on Monday, as the 1.10 level continues to attract buying. The Swiss National Bank continues to work against the value of the Swiss franc, and as a result we believe that there’s a bit of a floor put in somewhere in this general vicinity. We are longer-term buy-and-hold. Eracash, and therefore have no interest whatsoever in shorting this market. Short-term traders may enter again and again on short-term pullbacks, but ultimately it really comes down to which timeframe you are the most comfortable trading.

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