By FXEmpire.com
The EUR/CHF pair continued to go sideways on the Tuesday session as the market has nowhere to go. The Swiss National Bank still has a “floor” put in this pair at the 1.20 level, and this market simply cannot fall because of it. Any move under that level will certainly invite massive intervention so selling isn’t a possibility. As for buying, we need to see something in Europe to make owning the Euro palatable again. At the moment, there is absolutely no reason to do so, and the pain in Europe looks likely to continue for quite a long time. With this in mind, there is nothing to do in this pair.
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Originally posted here
