By FXEmpire.com
The EUR/CHF pair continued to hover above the 1.20 level on Monday, barely moving as is the norm lately. The pair is being lifted by the Swiss National Bank and its 1.20 “minimum acceptable exchange rate”. The area will continue to be defended, and if the market manages to fall below that mark, intervention could follow in short order. Because of this, you obviously cannot sell at this point, but if you are willing to be very patient – this pair pays a positive swap if you are long of it. Also, if the pair breaks below that level – the central bank could send you up the charts very quickly.
Click here a current EUR/CHF Chart.
Originally posted here
