By FX Empire.com
The EUR/CHF pair fell again over the previous week. The pair looks like it is willing to go back and retest the 1.20 level. The area is a “floor” in this pair as the Swiss National Bank has announced that it can “no longer tolerate the EUR/CHF below the 1.20 level.” As a result, we think that will be the area to look for longer-term buy signals, but with all of the problems and news risk coming out of Europe, we think that the buy signal might be some time form here.
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