EUR/CHF fell slightly on Monday, but all losses are fairly well caped at this point with the Swiss National Bank willing to step in. Their self-imposed “line in the sand” is 1.20, so it is no surprise that even with the Euro being so weak; it has struggled to break back below that level. Because of this, we cannot short this pair, but there is absolutely no real reason to own the Euro either. Until we get some kind of clarity out of the EU, this pair will be hard to trade.
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