By FX Empire.com
EUR/CHF rose slightly during the session on Thursday as the market continues to respect the Swiss National Bank’s “floor” in this pair at the 1.20 level. The pair can’t really fall too much because of that, and the pair doesn’t raise much due to the fact that the European Union is so weak overall. The pair can only be bought going forward as the floor is just below, so we are willing to buy the market when we get closer to the 1.20 handle. The pair will eventually bounce hard, but this could be some time coming.
EUR/CHF Forecast March 2, 2012, Technical Analysis
Originally posted here
