EUR/CHF Forecast February 5, 2016, Technical Analysis

The EUR/CHF pair went back and forth during the course of the day on Thursday in order to form a bit of a shooting star. This exhaustion could signal a pullback, but quite frankly we just cannot wait to see whether this market does find support below that we can turn around and start buying. A supportive candle gives us an opportunity to take advantage of value in the Euro, so at that point in time we would not hesitate to start going long. If we can break above the top of the shooting star from the Thursday session, we would also be buyers there as well.

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