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.

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