By FXEmpire.com
The EUR/CHF pair has been very quiet lately, and this is mainly because of the well-known and publicized “floor” in this market at 1.20 as dictated by the Swiss National Bank. The market simply has died as far as the longer time frames are concerned, and as a result is simply not for long-term traders. If the market breaks 1.20 with any real significance, we could be looking at an intervention. Because of this, we simply cannot sell this pair. However, buying is possible – but be prepared to be very patient with the trade.
EUR/CHF Forecast for the Week of April 16, 2012, Technical Analysis
Originally posted here
