By FXEmpire.com
The EUR/CHF pair continues to be heavily influenced by the Swiss National Bank as it has declared the 1.20 level as the “minimum acceptable exchange rate” between the Euro and the Franc. In fact, the SNB was quoted as saying they would buy “unlimited Euros” in order to keep this pair above that level. Obviously, you cannot sell this pair because of the facts presented above, and buying is the only possible direction. However, until Europe gets its collective act together, there is little chance of a serious move higher either. We do however; have a small long position on collecting swap at the end of the day. Check with your broker to see if this is possible.
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Originally posted here
