By FXEmpire.com
The EUR/CHF pair fell on Friday as the Euro was sold in general. The pair has been hovering just above the 1.20 level that has been cited as a “minimum acceptable exchange rate” by the Swiss National Bank. The pair does pay a slightly positive swap, and as a result it does in fact profit the trader to buy it. However, to think that the move higher is coming without a serious attempt to break below is wishful thinking. If the 1.20 level gets broken, expect the SNB to intervene, and this could be very profitable for traders.
Click here a current EUR/CHF Chart.
Originally posted here
