By FXEmpire.com
EUR/CHF has been a pair that has offered no long-term trades as the 1.20 level has been implemented as a floor by the Swiss National Bank. The previous week did see an attempt to break the pair down, but it bounced from the 1.20 level. The central bank will have to act if we get a serious breakdown, so for those of you willing to wait – this could be the time to buy. The breaking of the level won’t necessarily trigger immediate intervention, but it will trigger a reaction none the less. Selling isn’t possible obviously.
EUR/CHF Forecast for the Week of April 9, 2012, Technical Analysis
Originally posted here
