By FXEmpire.com
EUR/CHF continues to grind away just above the 1.20 level, and the Tuesday session was absolutely no different. The recent breakout has been pushed back, and it looks as if the market is willing to simply hang about the immediate area. The 1.20 level brings in Swiss National Bank intervention if breached, and as a result selling this pair simply cannot be done. We can only buy, and on lower levels such as now. If you can be patient for 20 pips or so, buying here isn’t the worst thing you could do.
EUR/CHF Forecast March 21, 2012, Technical Analysis
Originally posted here
