EUR/CHF: Near The Bottom Of The Trading Range
BL | Apr 23, 2013 06:51AM ET
The 1.2000 floor in EUR/CHF was set in September 2011 when the SNB said it would buy the Euro using an unlimited supply of Swiss Francs, and the currency pledge was reiterated by the central bank in its March meeting.
Trading range for EUR/CHF in the past 2 month has been 1.2125 to 1.2385. Current price is near to the bottom of the trading range.
Buy EUR/CHF at 1.2197
Stop level at 1.1995
Target level at 1.2375
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