By FXEmpire.com
The EUR/CHF pair rose after the Swiss National Bank cut rates in a surprise move on Wednesday, but fell shortly afterwards as the problems in Europe are simply too worrisome to keep traders away from the Franc at this point. The 1.12 level held as resistance, and the 1.10 level got targeted again. At the end of the day, the candle looks pretty ugly. Selling the rallies has been the way to go for a few years – a strategy that seems to still be in vogue.
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