By FX Empire.com
EUR/CHF fell on Tuesday as traders continue to press their luck against the Swiss National Bank. The 1.20 level is an area that has been established as a “minimum acceptable rate” in this pair, and as long as the SNB holds that view – it is reckless to short this pair at these low levels. Yes, we can see the trend is down, but seeing a central bank intervene against your position can put you several hundred pips down in a flash. Because of this, we are looking for supportive candles to buy in this pair – even on lower time frames.
EUR/CHF Forecast February 1, 2012, Technical Analysis
Originally posted here
