EUR/CHF fell on Friday as the markets around the world sold off. The Euro is in real danger of falling apart against many currencies as the problems there continue. However, we feel that the EUR/CHF pair will be the wrong play as the Swiss National Bank has put in a “floor” at 1.20 in the market. Because of this, we really cannot sell this pair, and we certainly cannot buy it until Europe gets a solution to the debt crisis finalized. At that point, it could be a long-term buy…..but until then our hands are tied.
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