EUR/CHF Technical Analysis for the Week of October 17, 2011

The EUR/CHF pair had a very flat week over the last several days, and continues to sit still in general. The pair could be the great trade of someone’s career if the EU gets it together, as the Swiss National Bank isn’t going to let this thing fall below the 1.20 mark. However, that seems to be wishful thinking at this point. We are waiting for the EU to come up with a feasible solution to its problems, and then we would buy and hold this pair for months, if not years. Until then – we aren’t trading it.