By FXEmpire.com
The EUR/CHF pair continued to hover over the 1.20 level on Monday, as the Swiss National Bank’s imposed “minimum acceptable exchange rate” for the Franc against the Euro. The level is probably the most well-known barrier in the Forex markets, and as a result we like buying this pair as we fall close to that point. The pair simply cannot be sold obviously, as this pair is inviting some kind of intervention. The breaking below of that level will without a doubt have a massive reaction by the SNB. Because of this, we are simply just buying at low prices, and collecting pips as we rise. All of these trades are short-term, but they are easy none the less.
EUR/CHF Forecast April 10, 2012, Technical Analysis
Originally posted here
