There are two major things you need to know about EUR/CHF at the moment. 1) EUR is pressured and this favors CHF as a safe haven currency in Europe. Thus the failure for EUR/CHF to rally reflects the overwhelming concern for even the survival of the Eurozone. Spain sounds like it may be the next chapter. 2) The SNB has pledged to defend a 1.20 floor for EUR/CHF. This is because the safe haven flow has strengthened the CHF too much to the liking of Swiss exporters. Looking at the daily chart, we see the EUR/CHF in a range that was established since January 2012. Price action has dead volatility as it trades near ... (full story)