The EUR/CHF pair fell during the session on Thursday, essentially wiping out the gains for Wednesday. The pair has a floor in it at 1.20 as set by the Swiss National Bank, and because of this, we aren’t willing to sell at these low levels. The pair is a “buy only” one for us, and we are willing to do just that are lower levels. The closer we are to 1.20, the more we like to buy. The sell off for the session is certainly enough to make us think about the upside again, knowing that the upside will be a fight, so patience will be necessary.
EUR/CHF Forecast March 16, 2012, Technical Analysis
Originally posted here
