EUR/CHF Bullish Outlook, June 28, 2011 (Daily Strategy)

EUR/CHF

On the Technical level, the Euro - Swiss Franc pair, after having tested the level 1.1800, is on the verge of a meaningful signal for the beginning of a new upwards movement . It is possible to enter a small position at the present price levels and to increase it in case the pair breaks its resistance and tests the level at 1.1925. In such an event there will be a much better chance for the pair to continue to push forward towards the resistance level at 1.2047 and then on to the resistance level of 1.2400 that will be used as a medium term price target.