By FX Empire.com
EUR/CHF continues to bump along the 1.20 level as the “floor” put in by the Swiss National Bank a while back. The market is almost impossible to trade from the long-term outlook as the range is far too tight for the longer-term trader. The 1.24 level above is very resistive, and of course the 1.20 level will continue to be a support area. If the pair manages to break below the 1.20 level, this pair could see intervention by the SNB, so selling certainly cannot be done – no matter what. In the mean time, long-term traders have no business being in this market.
EUR/CHF Forecast for the Week of February 13, 2012, Technical Analysis
Originally posted here
