By FXEmpire.com
The EUR/CHF continued to go sideways on Friday as the Swiss National Bank and its “minimum acceptable exchange rate” at 1.20 is still being respected. If the market does manage to break below, we expect the SNB to intervene in short order, and should push the markets much higher, perhaps to the 1.24 level as it seems like a natural resistance point. Certainly, we can’t imagine selling at this point, and in fact we could perhaps sit and hold a buy position as it pays positive swap. If we fall from here, the SNB should push your position much higher. Otherwise, there is nothing else to do.
Originally posted here
