By FXEmpire.com
The EUR/CHF pair rose during the session on Friday, bouncing from the lows yet again. The 1.20 level continues to keep the bears at bay, as the Swiss National Bank has drawn a line in the sand there. The “minimum acceptable exchange rate” as they call it will continue to be defended. The buying of this pair is the only way to go, and if you are willing to buy and take profits for small gains, this market is set up nicely to do so. Selling obviously isn’t happening, and if we manage to break lower – this will only do more to make your longs work out as intervention will certainly do that for you.
EUR/CHF Forecast April 16, 2012, Technical Analysis
Originally posted here
