The EUR/CHF continues to barely move as the pair has been effectively killed by the Swiss National Bank. The Thursday action did see a slight rise in the value of the Euro versus the Franc, but it was minor in the end. The pair will need Europe to get it together in order for it to rise. The Swiss have effectively “pegged” the EUR/CHF to 1.20, so shorting is almost impossible at this point. We are currently waiting to see if the EU can find some footing, otherwise this pair will be tough to trade.
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