By FXEmpire.com
The EUR/CHF pair is a manipulated one that we can only buy. The Tuesday session saw a slight gain, but only just so. The 1.20 level is the “minimum acceptable exchange rate” as set by the Swiss National Bank, and as a result we simply cannot sell at these levels. The pair is only bought by us, but there is very little catalyst to push prices much higher. We are buying small positions and trading this pair as a scalp from time to time, gaining roughly 20 pips at a time. Only the patient can trade it though – as it can take some time in order to collect your profits in this slow moving environment.
EUR/CHF Forecast April 4, 2012, Technical Analysis
Originally posted here
