By FXEmpire.com
The EUR/CHF pair fell on Monday as the market continues to try and grind lower. However, the 1.20 level below has held so far, and the Swiss National Bank is certainly willing to push back if the level gives way. The breaking below of that level will invite intervention, and as such we simply cannot sell at this point. In fact, we prefer to buy close to the 1.20 level for a flyer. The market isn’t one of our favorites, but in reality we like to keep a small position in it just in case the bears try the patience of the SNB to push the intervention button.
EUR/CHF Forecast April 17, 2012, Technical Analysis
Originally posted here
