EUR/CHF: I expect the SNB support at 1.2000 to break by Sean Lee

There is simply no way that the SNB can justify buying massive amounts of EUR whilst the ECB is heading into a cycle of QE. With the Gold referendum in Switzerland putting even more focus on central bank activity, pretending that you can hold the financial markets at bay is a fools errand.

The support level at 1.2000 may hold the first attempt and possibly even the second, but in my view its only a matter of time before the floodgates open.

The post EUR/CHF: I expect the SNB support at 1.2000 to break appeared first on www.forextell.com.

Leave a Reply