The market remains supported for the time being around the critical 1.2000 psychological barrier and although we can't be certain that we won't soon see a breakdown below the level, we also like the idea of buying the cross on a break of recent range highs by 1.2040 should the market manage to hold. Look to buy at 1.2050 for an open objective with a stop-loss by 1.1975.
Looking to Buy EUR/CHF
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
