By FXEmpire.com
The EUR/CHF pair is essentially dead money at the moment as this market simply cannot get traction at this point. The Swiss National Bank has declared that the 1.20 level is the floor in this pair, and so far the markets have respected the area. If the level breaks down, the Swiss will almost certainly intervene. If we get below that, we are more than likely going to be served well by buying this pair. In the meantime, we see the positive swap as potential money making trade, but based upon the swap alone – not anything related to a move in the pair.
Click here a current EUR/CHF Chart.
Originally posted here
