EUR/CHF Forecast March 7, 2016, Technical Analysis

The EUR/CHF pair broke higher during the course of the day on Friday, breaking above the 1.09 level. That being the case, the market looks as if it is going to continue to reach towards the 1.10 handle, and possibly above there. Quite frankly, we have been waiting for a reason to start buying this pair again, and we think we just found it on Friday. Longer-term, we believe that this pair grind its way much higher and therefore time it pulls back it should offer buying opportunities sooner or later, as the Swiss National Bank continues to support this market.