By FX Empire.com
The EUR/CHF pair rose just slightly on Thursday as the Euro remains the center of the market’s attention. The pair has a floor in it at the 1.20 level as set by the Swiss National Bank, and because of that we don’t sell this market at the moment. These levels are far too close to that area in order for us to sell, and we will only buy because of that. The pair will more than likely be fairly tight, and all trades that are taken should be of the very short-term variety, and probably only good for a handful of pips.
EUR/CHF Forecast March 9, 2012, Technical Analysis
Originally posted here
