By FXEmpire.com
The EUR/CHF pair continues to do absolutely nothing at this point in time. The Swiss National Bank continues to defend the 1.20 level as the “minimum acceptable exchange rate” between the Euro and Franc. As a result, selling cannot be done at this point in time. The SNB will certainly intervene if this pair breaks below that level, and as a result we wouldn’t hesitate to buy below it. However, there is little to think that the Euro will rise as a rule, so sitting out can be a valid strategy. We have a small position that collects a bit of swap every day, but not all brokers pay this positive swap – so make sure yours does if you plan on doing this.
Click here to read EUR/CHF Technical Analysis.
Originally posted here
