By FXEmpire.com
The EUR/CHF pair continues to move sideways as the Swiss National Bank keeps the 1.20 floor in this market. The SNB is said to be actively buying Euros at the first sign of trouble in this pair, and as a result the level should continue to be respected by the market as the biggest barrier in the Forex world. If the level gives way, there will certainly be intervention by the Swiss. Because of this, we simply cannot sell at this point. The buying of this currency pair is possible, and we have a small position that is simply collecting small amounts of swap. But at this point in time, there really isn’t anything to do.
Click here a current EUR/CHF Chart.
Originally posted here
