EUR/CHF Forecast February 4, 2016, Technical Analysis

The EUR/CHF pair rose during the course of the session on Wednesday, and now looks as if we are going to break out to the upside. Given enough time, we should reach the 1.20 level as the currency peg was planted there for so long. We believe that pullbacks continue to offer buying opportunities, and that it’s only a matter of time before the buyers get involved every time that happens. We believe that the 1.10 level right now is the “floor” in this market going forward as the Swiss National Bank certainly seems to be guilty of manipulation again. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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