By FXEmpire.com
The EUR/CHF pair continues to sit still as the Swiss National Bank remains steadfast in the floor they have put in this market. The 1.20 level is simply far too important to the Swiss in order to think that the central bank will allow the market to fall below it. The level has resisted the few attempts to break down, and unless the Swiss change their policy, it is unlikely that the market can go below. If it does fall below the level, we suspect the SNB will intervene. With this in mind, we can only buy at this point.
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Originally posted here
