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Wednesday, December 22, 2010

EUR/CHF - working it's way to the bottom

Couldn't clear resistance at 128.68, which has keept the downtrend intact for now, but the next very serious support is just below at 124.78.
I'm still looking for a bottom soon. The sentiment towards CHF is way to bullish at this point and I hear, that a lot of loans in CHF is being closed in Easten Europe. They been very big in borrowing in CHF in Poland, Hungary and Czech and are being forced out. When the majority is out of the CHF-loans (should be very soon), then the bottom should be in.

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