By FXEmpire.com
The EUR/CHF pair fell on Thursday as the markets went back into the Franc as the downward pressure continues. The 1.20 level is the “floor” in this market as the Swiss National Bank has stated. The market can’t be sold, as we are simply far too close to that point in order to do so. The buying of this market is the only thing that we can do, and we are taking advantage of this one-way move by going long when we get close to the 1.20 handle. We simply collect our profits after a small gain and repeat.
EUR/CHF Forecast April 13, 2012, Technical Analysis
Originally posted here
