By FX Empire.com
The EUR/CHF pair rose ever so slightly during the previous week, but as you can see we are hovering above the 1.20 level. This area is the “minimum acceptable exchange rate” by the Swiss National Bank, and as such we certainly could n’ short this pair. However, there is little compelling us to buy it either. If we got a bit closer to the 1.20 level, we would consider buying it on a flyer, but the long term prospects for the bullishness of this pair are bleak until the European Union can get its act together. Judging by the way they have behaved recently – the wait for that could be long.
EUR/CHF Forecast for the Week of March 5, 2012, Technical Analysis
Originally posted here
