By FX Empire.com
EUR/CHF had an unchanged day on Friday, even though it had both risen and fallen in the same period. The pair continues to bump along the area just above the 1.20 floor in the pair, and as a result one can make the argument it will continue for some time.
The 1.20 level simply can’t be broken for long – the Swiss National Bank will intervene if it does. However, the Euro isn’t appealing to most traders over the Franc. With this in mind, we are more willing to buy this pair, but at levels as close to the 1.20 level as possible. We can’t sell at this point as we are simply too close to the level now.
EUR/CHF Forecast February 27, 2012, Technical Analysis
Originally posted here
