By FXEmpire.com
The EUR/CHF pair fell on Friday as the bears continued to push their luck against a central bank in Switzerland that has vowed to defend the 1.20 level as a “minimum acceptable exchange rate” in this pair. The level will certainly be one to watch at this point, but the move can only be one way. Buying at these levels is a reasonable move, knowing that the SNB is likely to provide the best backing you can possibly get. With this in mind, we aren’t looking at any specific price or shape of candle, just buying at lower prices going forward.
EUR/CHF Forecast March 26, 2012, Technical Analysis
Originally posted here
