The EUR/CHF pair has gone absolutely nowhere over the last six months as the Swiss National Bank and its “minimum acceptable exchange rate” of 1.20 has held the market up. In fact, there are some models now that suggest if the SNB wasn’t intervening, this pair could very easily be trading at parity!

With the election in Greece happening over the weekend, it is possible that we may finally get a move on Monday. However, we think the floor could hold, and if so – this pair will continue to sit still. On a massive “risk on” pop, there is the possibility of a Euro rally across the board, and this could move this pair higher as well.

Click here a current EUR/CHF Chart.

Originally posted here