EUR/CHF Technical Analysis October 17, 2011

The EUR/CHF pair rose slightly on Friday as traders continue to buy the Euro. The hope is that there will be some kind of agreement or consensus over the weekend at the G20 summit, and this has had people buying the Euro in droves. However, this pair is remarkably quiet, and this could be a sign of underlying weakness in the Euro. The pair isn’t producing much in the way of tradable actions or signals, but is a study in Euro strength. To see the common currency rise so much in such a short time against the USD, but sit still against the CHF speaks volumes about the validity of buying the Euro for any length of time.