On a day where the markets were rocked, this pair did absolutely nothing. This is mainly because of the fact that the Swiss National Bank has a “floor” in this pair at 1.20, and we are just a bit above that level. In fact, the pair can only be bought, but in order to make any real profit – the European Union would have to be able to attract capital inflows. With that being said, this trade will more than likely be a massive move in the future, but currently you can only buy to scalp it every once in a while. Selling cannot be done at these lower levels.
EUR/CHF Forecast March 1, 2012, Technical Analysis
Originally posted here
