Technical Analysis – EURCHF, Monthly: Euro eyes parity versus franc after SNB decision to float
Posted on January 16, 2015 at 10:40 am GMTThe decision of the Swiss National Bank to stop defending the Swiss franc floor at 1.20 led to a huge move in the euro / franc pair, with the franc strengthening as much as 30% at some point within a few minutes as it dipped to as low as the 0.85-0.90 range. Chaos ensued as for a brief period it was difficult to ascertain what the market price for franc pairs was. The important question for FX market participants is [..]