EUR/CHF Forecast February 29, 2016, Technical Analysis

The EUR/CHF pair initially tried to rally on Friday, but turned back around to form a fairly negative candle. That being the case, we found the market going below the 1.09 level which of course is very negative sign. At this point in time though, we are waiting to see whether or not we get a supportive candle in order to serve buying again. All things being equal though, we really have no interest in trying to play this market at the moment, as there is more than enough volatility to keep us on the sidelines.