The Swiss National Bank has recently pegged the Franc to the 1.20 mark, and that is exactly where we find ourselves over the last several days. The pair isn’t moving, and that is because few people are bullish on the Euro, and even less want to take on the SNB. The pair looks like it is a “buy only” pair, buy we have to wait for the EU to get its act together before we can go long this pair.
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