The EUR/CHF continues to be buoyed by the Swiss National Bank and its “line in the sand” at the 1.20 level. The pair cannot be sold because of that, but the pair cannot rise until the Europeans get their act together. This seems very unlikely in the near future, and as such is going to keep this pair stagnant in the near-term. We are ignoring this pair until something can be agreed upon about the EU credit and debt crisis.
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