EUR/CHF Forecast February 8, 2016, Technical Analysis

The EUR/CHF pair fell significantly during the course of the day on Friday, but found a little bit of a bounce towards the end of the day. With that being the case, we still believe that the markets will find enough support near the 1.10 level to turn everything back around and continue to go higher. We look at this is a buying opportunity, as the Swiss National Bank continues to work behind the scenes. Given enough time, we believe that this market will break out to the upside and go much higher therefore we are “buy only” when it comes to the pair.