By FX Empire.com
The EUR/CHF pair had a bullish day on Tuesday as the pair bounced from the extreme lows it has seen lately. The move was strong for the recent action, but still was only a 30 pip gain. This tells the story of this pair in stark terms: It is a “buy only” pair, but one must be ultra-patient in order to trade in this market.
The 1.20 floor is still in effect by the Swiss National Bank, and because of this, we are only buying this pair currently. We look at it as a scalper’s market, and don’t expect anything major out of this pair in the mean time. We like buying closer to 1.20, but only hanging on for 25 pips or so at a time.
EUR/CHF Forecast March 14, 2012, Technical Analysis
Originally posted here
