eurchf-weekly-12-feb-09

A little while back i wrote a story calling the EURCHF to 1.6200 in the next 6+ months. I have been having a look at a longer term weekly EURCHF chart and am liking what i see, especially the nice triangle forming as indicated by the light blue lines. My confidence is also boosted by the fact that the various technical studies are heading the right way.

As long as we remain above 1.4800 i will be happy!

Another piece of the puzzle and i hope it helps.