By FXEmpire.com
The EUR/CHF continued to do nothing on Wednesday as the 1.20 level is still being enforced by the Swiss National Bank. The SNB has publically stated that it was the “minimum acceptable exchange rate” for this pair, and as a result the markets avoid trying to break it down. Having said that, it is interesting that the market hasn’t been able to bounce either. I make one wonder how low this pair really would be if it were allowed to be traded freely. Having said this, we can only buy this pair, but it should be noted that the trade would take massive amounts of patience. It does pay positive swap though, so there is a way to make money going long if you are willing to park money in this market and forget about it.
Click here a current EUR/CHF Chart.
Originally posted here
