By FX Empire.com
EUR/CHF fell during the week as the bears continue to dance around the 1.20 floor the Swiss National Bank has placed on the market. The 1.20 level certainly should be thought of as massive support, and if the level gets broken, the SNB will have to act. If they didn’t, all credibility would be lost, and the market would fall to 1.10 in a flash. The pair could be bought, but only if you are willing to be very patient as the pair could be sitting down here for some time. Quite frankly, we prefer buying once the 1.20 level gets broken – if it does.
EUR/CHF Forecast for the Week of February 27, 2012, Technical Analysis
Originally posted here
