EUR/CHF Forecast February 18, 2016, Technical Analysis

The EUR/CHF pair broke higher during the course of the day on Wednesday, as the 1.10 level continues offer quite a bit of support. With this, it appears that the market is ready to continue to go much higher, probably reaching towards the 1.12 level next. We have no interest in selling this pair, we believe that the market will eventually find buyers every time we pullback. At this point in time, we still believe that this market will more than likely move much higher over the longer term, perhaps even as high as the 1.20 level.