By FXEmpire.com
The EUR/CHF pair continues to sit still, barely moving during the Tuesday session. The pair is a manipulated market, as the Swiss National Bank has a “minimum acceptable exchange rate” of 1.20 to the Euro. The pair is therefore impossible to short at just ten pips above that level, no matter how things are going in Europe. In fact if the pair does manage to dip below that level, we would be aggressive buyers as the SNB will intervene. There is a positive swap in this pair though, so we do have a small position taking advantage of that at the moment.
Click here a current EUR/CHF Chart.
Originally posted here
