By FX Empire.com
EUR/CHF rose during the session on Tuesday as the floor in the pair continues to be verbally defended by the Swiss National Bank. The market seems fairly determined to test the level below, and this will continue to trigger intervention. The market cannot be sold at this point, and as a result we are looking for buying opportunities. The sub-1.20 level will more than likely be a great way to make money in this market. The 1.24 level should keep a lid on the pair, but we think this intervention is coming sooner than most think. We are looking to buy, but closer to 1.20 if we can.
EUR/CHF Forecast February 29, 2012, Technical Analysis
Originally posted here
