By FXEmpire.com
The EUR/CHF pair fell on Tuesday in order to find the 1.2010 level that the pair naturally rests on these days. There have been reports of massive Swiss National Bank buying in order to keep this pair higher, and the action does seems a bit suspicious. The fact that the same level seems to be printed over and over certainly alerts traders to something being up, and the fact that the SNB makes no bones about the 1.20 level being the “floor” seems to lend credence to the notion that they are behind the stagnant trading. In this market, you can only go long because of this, but there is little action to be had most days, only positive swap at closing time.
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Originally posted here
