EUR/CHF barely moved during the session on Monday in what was a very pro-Euro session overall. The market is being buoyed by the Swiss National Bank and its 1.20 “floor” in the market. The pair certainly cannot be sold at this level as there is very limited downside in it, but the long side of this pair has to be concerning as well as the EUR/USD and EUR/GBP both took off for the session while this one sat still. If we had to take a trade, I would buy – but in general we aren’t overly interested in this pair at the moment.
EUR/CHF Forecast January 24, 2012, Technical Analysis
Originally posted here
