Thursday, January 31, 2013

EUR/CHF ~ 31 January 2013

The resistance at 1.25ish was too strong to be broken at the first attempt:

Support is at 1.217ish and then 1.20. If 1.217 holds, we could see another effort to break 1.25. If this happens, a rally to 1.275 and 1.32 should follow.