EUR/CHF rose again on Thursday, but lagged the USD/CHF pair. The EUR/CHF almost always moves in lockstep with the USD/CHF, and the fact it didn’t shows how weak the Euro really is at the moment. The market is at the 200-day moving average, and is struggling with it. The “peg” of 1.20 announced by the Swiss National Bank is only 150 pips below, and will more than likely hold. However, with all of the issues in Europe, you might be better off to look to other CHF-related pairs at the moment.
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