By FXEmpire.com
EUR/CHF fell during the Tuesday session as the “risk off” trade came back into play. However, as the world knows – the EUR/CHF pair has a floor in it at the 1.20 level as implemented by the Swiss National Bank. Because of this, we cannot sell at this level as it is far too close to that mark. Buying is the only real chance we have of a trade, and scalping is probably the best we can hope for at this point. Not the most exciting trade, but if you are patient – this pair is consistently offering 20 to 30 pips on longs if you buy at these lower levels and hang on.
EUR/CHF Forecast March 28, 2012, Technical Analysis
Originally posted here
