FX.co ★ EUR/CHF Buy Above 1,2200, September 09, 2011 (Weekly Strategy)

EUR/CHF

In the weekly chart of the pair can make the resistance level of 1.2200 as the pair test level on the eve of the continued upward movement. It all comes down to recent lows around 1.1390​​, represent an excellent opportunity to buy, but since the Swiss Bank intends to fight for the 1.2000 level it makes sense you succeed and to give a continuation of the movement up without correction back. The aim of preferred medium-term price is in the vicinity of the main trend line of the pair around 1.2600 Swiss francs per euro.