By FXEmpire.com
The EUR/CHF pair is without a doubt one of the quietest markets this year. This is because of the Swiss National Bank and its “floor” in this market of 1.20 as the country tries to keep the value of the Franc from appreciating too much. The level so far has been defended and the market is respecting it. The pair cannot be sold because of this obviously, and any break lower in this market will cause intervention. Buying can be done if your broker offers a positive swap in this pair, (not all do – it depends on how much they follow central bank rates) and at that point it becomes a dividend play of sorts. Otherwise, there is nothing to do here.
Click here to read EUR/CHF Technical Analysis.
Originally posted here
