# EUR/CHF Testing Long-Term Support (December 10, 2013)

Source: https://www.tradersway.com/resources/market-info/eur-chf-testing-long-term-support-december-10-2013/
Language: en
Updated: 2013-12-10

EUR/CHF has been selling off very aggressively but the pair might be due for a strong bounce soon, as it is currently testing a long-term bottom around the 1.2200 major psychological level.



Take note that this is 200 pips away from the SNB’s floor, which was implemented a few years back. Fears of intervention could trigger a sudden bounce, which might take EUR/CHF back to its recent highs around 1.2350.



![EUR/CHF Testing Long-Term Support (December 10, 2013)]



At the same time, stochastic is indicating oversold conditions and the oscillator seems ready to make its way up. Going long at market with a 100-pip stop and a target of 1.2350 could be a 1.5-to-1 return on risk.



*By Kate Curtis from Trader’s Way*