By FX Empire.com
EUR/CHF fell again for the week as the markets continue to press their collective luck with the Swiss National Bank. The 1.20 line is marked on the chart as a reminder of the SNB’s “minimum acceptable rate” for this pair. If this pair falls below that – it is only a matter of time before the Swiss intervene. Because of this, selling this pair is absolutely impossible. However, there is no reason to buy it either, at least until we close above the 1.25 level. In the meantime, this pair is to be traded on the shorter time frames only.
EUR/CHF Forecast for the Week of January 30, 2012, Technical Analysis
Originally posted here
