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EUR/CHF Classical 04.01

EUR/CHF Classical 04.01

2011-03-31 06:14:00
Joel Kruger, Technical Strategist
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EURCHF_CLassical_body_eurchf2.png, EUR/CHF Classical 04.01

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 the latest break back above 1.3040 to accelerate gains and expose more critical resistance by 1.3205 further up. Above 1.3205 then opens 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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