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Hello traders!  Despite some action on the FX market in the past week, provided by the ECB rate decision and EU summit most of the major pairs remained trapped in a range, sideways market. As such, we decided to take look on some FX crosses, such as Eur/Chf   and Eur/Aud for potential trade set-ups.

We will pay a very close action to Eur/Chf, which is forming a very nice clean triangle pattern from where we expect a bullish breakout in the coming week.

We know that SNB will do everything possible to prevent any gains of the Swiss franc, and if we aso consider the euro zone’s latest plan to solve its debt crisis, then this should be supportive for the Eur/Chf!

EUR CHF Elliott Wave Analysis December 12 2011

Guest post by Gregor Horvat

Click on the video below for a technical analysis, which also includes Eur/Usd and S&P500.

If you want updates for those pairs and others in the coming week, then you can join our services here.

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