By FX Empire.com
EUR/CHF fell on the session for Monday, and the first though someone has to have is that the Euro even managed to fall against the one currency that has its own central bank working against it. The pair has a “floor” at 1.20 as mandated by the Swiss National Bank, and doesn’t allow many to sell this pair, even though it has fallen again. With knowing all of this, we can’t sell from this level, and certainly can’t buy until there is confidence in Europe. At this point, there isn’t much – and as a result – this pair is very much neutral in our minds.
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