By FX Empire.com
The EUR/CHF pair fell during the session on Tuesday as the fears of Greek defaults continue. Thursday will be the day we learn whether or not there are enough of the private bond holders in Greece to participate and validate the “voluntary” write downs of Greek debt. If not, we will see a Euro meltdown more than likely, and this is perhaps what some would think about when selling this pair. However, we know that the Swiss National Bank is willing to block any move below 1.20, so we welcome this weakness, and would like to see more – it gives us a great entry to the upside, knowing that the SNB is behind us.
EUR/CHF Forecast March 7, 2012, Technical Analysis
Originally posted here
