By FXEmpire.com
The EUR/CHF pair continues to be a pair that simply cannot be traded on any long term basis. The Swiss National Bank has been very effective in keeping the pair above the 1.20 handle, and has pledged to buy “unlimited Euros” in order to do so. It is obvious that the market is respecting the power of the central bank, and as a result it simply cannot or will not push this pair lower. Of course, there is no real reason to buy Euros at the moment, so this pair is effectively “stuck” at this time.
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Originally posted here
