By FX Empire.com
The EUR/CHF pair continues to be kept afloat by the Swiss National Bank and its 1.20 “minimum acceptable exchange rate” against the Euro. This pair essentially can only be bought, and for the longer-term trader, it isn’t offering enough of a move to make it worthwhile. However, there will come a time when this is true, and as such, we are willing to set buy stops down around the 1.20 handle, knowing that the SNB will intervene if we get below that level. Until then, there isn’t much of a trade for the long-term trader in this pair.
EUR/CHF Forecast for the Week of March 19, 2012, Technical Analysis
Originally posted here
