EUR/CHF Forecast February 17, 2016, Technical Analysis

The EUR/CHF pair initially tried to rally during the day on Tuesday, but turned around to show that we are still essentially stuck in this area. Ultimately, we believe that this market will continue to find buyers below though, so we are looking for short-term supportive bounces or candles in order to start going long again. Ultimately, we believe that the Swiss National Bank will continue to support this market below as well, so at this point in time we don’t really have an argument for selling as we should continue to see more of the same.