EUR/CHF - 1.08
It is not official, but it seems that SNB again have put a floor for the pair at a level of 1.08. - Said Kamal Sharma from Bank of America in London. Continued with - If we look at the Price Action, on the graph we see that the pair has not been below the level of 1.08.
The SNB will not come out and officially declare again that has put a floor for the pair, after it did remove the official floor last year 2015, when the price did not go under 1.20. Now again we see that since August 2015, the price for the pair has not penetrated that level. It has tried several times but the price again comes back up quickly and trades above it.
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