By FXEmpire.com
The EUR/CHF pair fell on Wednesday as the Euro sold off in general. The pair is being held aloft by the Swiss National Bank at the 1.20 level though, so it is difficult if not impossible to sell at this level. In fact, we are willing to go against the fray and buy, knowing that the Swiss are more than likely going to be very aggressive if the market breaks below the 1.20 handle. Upside limits on an intervention look solid at 1.24, so if we found ourselves being lifted by one, we would be looking to take profits there.
EUR/CHF Forecast March 22, 2012, Technical Analysis
Originally posted here
