USD/CHF March 2014 Forecast: "0.88 appears to be very important.
I believe that the 0.88 level is essentially the “floor” in this market. What’s truly important about this is that we are so close to it. It is because of this that I would be heavily short this particular market if we get below there. The one driving thing that could put is below there rather quickly would be the EUR/USD pair. Remember, this pair typically runs counter to what that pairs doing. If it breaks out above the 1.38 handle, this market could fall apart. It will be interesting to see what the Swiss do about this, but remember that central banks work on their own timeframe, and as a result you normally have quite a bit of time to place trades before they do anything."
'via Blog this'
