The EUR/CHF pair has been like watching paint dry for about six months now. The Swiss National Bank and its 1.20 “minimum acceptable exchange rate” has kept this market from moving as nobody wants to buy Euros with Francs at this point. The market is essentially a dead one at this point, but we could see a gap higher on good news out of Greece over the weekend, and this could finally get this pair moving to the upside. If we don’t get that – there is nothing to suggest that it is going anywhere anytime soon.

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Originally posted here