By FXEmpire.com
The EUR/CHF pair continued to sit still during the Wednesday session as the floor put in the pair by the Swiss National Bank at the 1.20 level continues to hold. This market is a buy only one because of this, and as a result it is basically dead money at the moment. The pair pays a slightly positive swap, and as a result we have a small position on to the long side, that simply collects a few Dollars at the end of the day. However, if the pair suddenly falls – the SNB will defend and intervene. If we are truly lucky, they will do so heavily.
Click here to read EUR/CHF Technical Analysis.
Originally posted here
