By FX Empire.com
The EUR/CHF continues to hover above the 1.20 level as the market simply won’t test the Swiss National Bank and its “minimum acceptable exchange rate” at that point. The Euro simply cannot be bought with any real confidence considering all of the problems in that area, which of course was summed up nicely by Greece being officially deemed to default on Friday. The 1.25 level to the upside is a massive resistance level as well. We need to see real momentum before we trade this pair on a long-term basis and until then – this market is best left to scalpers.
EUR/CHF Forecast for the Week of March 12, 2012, Technical Analysis
Originally posted here
