Volatility is still high in Swiss pairs It looks like it’s are shaking off 3 years of being kept on the leash to go and stretch it legs.
We’ve had a look above 1.0100 tby 2 pips and have already found sellers waiting and are back to 1.0070
The level to break on the upside is 1.0225/30
EUR/CHF H1 chart 26 01 2015
The tech picture is pretty weak and so will need to develop before we get some real concrete levels. One thing to bear in mind when looking at the upside. It would be wrong to think that everyone might be out the long 1.20 trade and so there may be some big sellers waiting in the wings to try and lessen their losing position from higher up. It was a similar picture in gold when we fell sharply from near 2,000 and any really decent big moves up were heavily sold into.
