The Swiss National bank has set a floor peg on the Swiss Franc to the Euro at 1.2000. Since the floor peg has been set we have continued to trade in channels. This type of price movement creates a range that can be good for a scalping strategy. As the pair approaches the 1.21 area, buyers push the price back up 1.2400 area and sellers then force it down again. As you can see this trend has continued since October and seems to be a little less risky opposed some pairs that are subject to be whipsawed by political news and rumors.
