By FXEmpire.com
The EUR/CHF continued to grind along the “floor” of 1.20 on Monday as the pair can’t pick up any traction. Certainly, if it weren’t for the Swiss National Bank implementing a “minimum acceptable exchange rate” of 1.20 in this market, the pair would be much, much lower. The pair obviously can only be bought at this point, and the trading plan is quite simple: We simply buy this pair when it falls, and the closer to the 1.20 level the better. We take profits after a couple of dozen pips, and repeat. Of course, we could have the market move against us as we buy – but that will bring intervention, which will bring much larger profits – fine with us. Selling can’t be done obviously.
EUR/CHF Forecast April 3, 2012, Technical Analysis
Originally posted here
