EUR/CHF forecast February 2, 2016, Technical Analysis

The EUR/CHF pair rose slightly during the course of the day on Monday, as we continue to try to reach higher levels. We believe in the longer term “buy-and-hold” aspect of this marketplace, so we are buying pullbacks as they occur. On signs of support, we will not hesitate to get involved in this market as it has obviously decided that it wants to go higher. We believe that the 1.10 level should now be essentially the “floor” in this market. Given enough time, we would anticipate this market reaching all the way to the 1.20 level, but that obviously will take quite a bit of effort.

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