By FXEmpire.com
The EUR/CHF pair continued to grind sideways on Thursday as the market simply cannot fall form this level at this point. The market cannot fall below here because of the Swiss National Bank “minimum acceptable exchange rate” at the 1.20 level. The pair will certainly attract intervention by the SNB if it goes below this level, so selling cannot be done. The buying of this pair is the only thing that can be done if you choose to be involved. The advantage of this is that the swap is positive, and traders can get paid to wait on things to stabilize in Europe. Also, if we break below the 1.20 level – this market will pop as the SNB gets involved. Either way, buying is the only way you can trade this market.
Originally posted here
