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EUR/CHF Classical 03.30

EUR/CHF Classical 03.30

2011-03-30 05:44:00
Joel Kruger, Technical Strategist
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EURCHF_Classical_body_eurchf2.png, EUR/CHF Classical 03.30

EUR/CHF:The market remains very well supported on dips and following the latest successful defense of the record lows by 1.2400, we are increasingly bullish with our outlook for the cross going forward. Look for a break back above 1.3040 to accelerate gain and expose more critical resistance by 1.3205 further up. Above 1.3205 then open a fresh upside extension towards 1.3500. From here, any inter-day pullbacks should be well supported ahead of 1.2800.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

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