EUR/CHF Forecast December 13, 2011, Technical Analysis

EUR/CHF continues to grind sideways over in a very tight range. The pair is kept lower by the 1.25 resistance area, and the “floor” below at the 1.20 level as announced by the Swiss National Bank. The pair looks like it wants to break out, but the problems in the EU continue to plague the viability of owning the Euro in general. Because of this – we are avoiding this pair altogether.