EUR/CHF Forecast February 23, 2016, Technical Analysis

The EUR/CHF pair initially fell during the course of the session on Monday, testing the 1.10 handle. Ultimately, this market bounce enough to form a hammer and that of course is a bullish sign. I think that it’s only a matter of time before we rally, so short-term selloffs are buying opportunities given enough time. Once we do, the market could very well try to reach to the 1.12 handle above, and then eventually even higher than that. We have noticed whatsoever in selling this market, or seems to be a massive amount of support just below.

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