EUR/CHF from April 2012 to Sept 2012 - Why flat? | Forex Factory

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EUR/CHF from April 2012 to Sept 2012 - Why flat?

  • #1
  • First Post: Dec 16, 2012 8:22am Dec 16, 2012 8:22am
Could some one of you guys point me to where to read to understand why EUR/CHF stays flat from April 2012 to September 2012?
Thank you!
  • #2
  • Dec 21, 2012 1:15am Dec 21, 2012 1:15am
Quoting Armagedoom
Could some one of you guys point me to where to read to understand why EUR/CHF stays flat from April 2012 to September 2012?
Thank you!
The Swiss National Bank currently has a policy that pins the Franc against the Euro at a minimum rate of 1.20. This is basically just a massive demand zone that is unlikely to be broken, even though selling pressure was for that period of time quite intense. Rumor has it that there are around $25bn worth of stop orders below 1.20.
  • #3
  • Dec 24, 2012 4:28am Dec 24, 2012 4:28am
Thanks, I appreciate the answer
  • #4
  • Last Post: Dec 24, 2012 4:59am Dec 24, 2012 4:59am
Glad to help when I can.
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