By FXEmpire.com
The EUR/CHF pair continues to sit still as the Swiss National Bank continues to hold firm on the 1.20 floor in the pair for the Monday session. The level will be defending vigorously, and as a result selling isn’t even possible at this point. In fact, the only trade is to buy – but there is little to suggest that the Euro is about to skyrocket by any means. The pair does pay a positive swap on the long side, so at least there is that. We have a small long position in this market as a result, and it collects a tiny bit of swap for us. Beyond that, this market is dead money.
Click here to read EUR/CHF Technical Analysis.
Originally posted here
