By FXEmpire.com
The EUR/CHF pair continued to do nothing on Thursday. The pair cannot move as the Euro isn’t a currency that people want to own, and the Swiss National Bank is actively protecting the 1.20 level as a “floor” in this pair. The pair obviously cannot be sold at this point, and as a result the pair is a one-way trade, if you choose to even be involved. In reality, there are many stronger markets out there that aren’t being manipulated, and the prudent investor isn’t involved in this market. The pair pays a small positive swap with our broker, but only just. If you want to collect swap at the end of the day, this pair can be bought – but only if your broker pays a positive swap.
Click here to read EUR/CHF Technical Analysis.
Originally posted here
