By FXEmpire.com
The EUR/CHF pair continued to move sideways overall on Thursday as the 1.20 “floor” in this pair continues to hold intact. The Swiss National Bank simply will not allow this pair to fall below that area, and as a result this market is essentially stagnant at this point in time. However, there is a possible trade in the sense that the market pays a positive swap for those who are long. With the Swiss National Bank willing to jump in and intervene on a break lower, this could be the simplest trade out there. Worst case scenario at this point: The market breaks lower, and then the SNB intervenes. Selling is obviously not an option.
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Originally posted here
