By FX Empire.com
The EUR/CHF pair has been grinding away over the last couple of months, and Monday saw no change in this behavior. The pair effectively has a floor in it, as the Swiss National Bank has declared that “1.20 is the minimum acceptable exchange rate” between these two currencies. This has effectively made this a pair that only scalpers are involved with, and to be honest – the action over the last several sessions has been so tight that even they aren’t going that well in this market. The market can only be bought now, and as a result that is all we look to do. However, at the moment – there is no compelling reason to buy Euros.
EUR/CHF Forecast March 13, 2012, Technical Analysis
Originally posted here
