Wednesday, November 9, 2011

EUR/CHF ~ Update ~ 9 November 2011

As expected the EUR/CHF is oscillating between the 1.24ish and the 1.20ish area. After hitting 1.24 in mid October the EUR/CHF declined to 1.21 by late October and is now back at 1.24ish on some rumors that the SNB might increase the minimum rate to 1.25 or 1.30:

Unless this happens I think the EUR/CHF will continue to trade between 1.24ish and 1.20ish.