EUR/CHF Forecast March 4, 2016, Technical Analysis

The EUR/CHF pair rose slightly during the course of the session on Thursday, as we continue to bounce around overall. I think that there is a significant amount of support all the way down to the 1.0750 level, so having said that a supportive candle would be reason enough to start going long. At this point in time though, there really is in a whole lot to do in this pair, so we currently sit on the sidelines waiting for a hammer or an impulsive candle to the upside. We have notched in selling at this point.