EUR/CHF continues to sit still as it barely budged during the Tuesday session. Even with the report coming out in the later hours of the session that the
EUR/CHF continues to sit still as it barely budged during the Tuesday session. Even with the report coming out in the later hours of the session that the EFSF could possibly be expanded by 2 Trillion Euros, the pair did almost nothing. The Swiss National Bank is willing to buy this pair if it gets below 1.20, so there is a floor in this market presently. However, there is no real reason to own the Euro as there are simply far too many issues out there in the EU to buy this pair. With that in mind, we simply wait to see if the Europeans can give us a move upward.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
