EUR/CHF Forecast February 19, 2016, Technical Analysis

The EUR/CHF pair fell during the course of the day on Thursday, testing the area above the 1.10 level yet again. On top of that, we even bounced enough to form a bit of a hammer. The hammer of course is a bullish sign it appears of the market is going to continue to try to go higher. We could go as high as the 1.12 level, perhaps even higher than that. We have no interest in selling this pair, we believe that the Swiss National Bank is underneath this market and continuing to try to support the Euro.