EUR/CHF Technical Analysis chart trading jan 16 2012

forex trading outlook today - EUR/CHF Technical Analysis chart trading jan 16 2012 : EUR/CHF fell hard on Friday as the pressure continues against the Euro as a whole. The EU saw nine countries get downgraded in the waning hours of trading, so the reaction isn’t necessarily baked into the chart currently. With this in mind, the rumors pushed the market down most of the day.

However, the Swiss National Bank has put in a “floor” at the 1.20 level just below, so selling isn’t possible, even in this environment. The intervention that almost has to happen at that level will be brutal and fast. However, the Euro is a bit difficult to own. The bounce that comes however could be very profitable if you see that intervention. Because of this, we are looking to buy supportive candles closer to the 1.20 level for a short-term gain – maybe 100 pips. Besides that, there isn’t much to trade. source www.fxempire.com

Forex EUR/CHF Forecast January 2 2012

forex trading outlook today - Forex EUR/CHF Forecast January 2 2012 ; The EUR/CHF pair ended a bearish week, and now with the start of 2012 the pair could return to trade with more volumes, especially when investors will return after the absence for the Christmas and New Year holidays.

Today the focus will be limited on Europe sinceSwitzerlandwill be out of the market, as eyes will be concentrated on the PMI manufacturing from the euro-area region andGermany; however, the pair is expected to move slightly as the volume is to remain low during the session today.

Germanywill start this week at 08:55 GMT with the final PMI Manufacturing index for December, where the manufacturing performance is expected unrevised at 48.1.

The euro zone will join this week at 09:00 GMT with the final PMI Manufacturing index for December, which is expected to linger at 46.9. Switzerlandwill be on New Year’s DayHoliday.