By FXEmpire.com
The EUR/CHF pair is a manipulated one, and the action on Wednesday will do very little to dispel that fact. The session was bearish, and as the “risk off” trade came into play around the world, this pair fell. However, it barely fell – a result of the Swiss National Bank and its 1.20 “floor” in this pair. Because it is just below, we certainly cannot sell at this point in time, and as a result we are only buying this pair. The lower we get, the more interested we are in buying. However, we aren’t looking for massive runs – just simply 20 to 30 pip gains over a couple of days.
EUR/CHF Forecast March 29, 2012, Technical Analysis
Originally posted here
