By FXEmpire.com
The EUR/CHF pair continues to grind away as the floor by the Swiss National Bank continues to hold traders back. The 1.20 level will continue to serve as a floor in this pair, and we cannot sell being so close to it. The buying of this pair does produce a small positive swap, so it will pay over time as the market won’t be able to fall without intervention pushing it back up. Beyond that, it is difficult to see a reason to trade this pair at the moment as it is effectively pegged.
Click here a current EUR/CHF Chart.
Originally posted here
