EUR/CHF Technical Analysis September 28, 2011

EUR/CHF still remains very stagnant as the Swiss National Bank continues to stand guard against the rising of the Franc. With the EU situation still very cloudy, it is going to be hard to buy this pair, but the shorting of it is going to be impossible as the SNB will certainly intervene if the pair falls again. Because of this, we are buyers – but only once Europe gets things together, and at that point – it is a long-term trade.

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