By FX Empire.com
The EUR/CHF pair continued to hover just above the 1.20 level on Wednesday as the market isn’t willing to buy Euros, (Who could blame it?) but isn’t willing to test the sincerity of the Swiss National Bank and its threat to defend the 1.20 level by “buying unlimited Euros”. The pair currently is locked, and can really only go one way. Unfortunately, for that to happen the European Union would have to get its collective act together, which is something that seems almost impossible at the moment. With this in mind, you can scalp this pair when it falls, but we don’t expect any real moves for the foreseeable future.
EUR/CHF Forecast March 8, 2012, Technical Analysis
Originally posted here
