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Forex pairs in this Article » EUR/CHF (Barcelona) - The pair is now trading back to session highs in the boundaries of the key resistance at 1.2400, advancing more than three big figures since January 9

"Even with the SNB protecting its EURCHF1.200 'floor', the CHF is hugely overvalued and a main factor for this is safe haven demand due to the crisis. It is natural then to expect EURCHF to rise as confidence in the cohesion of EMU builds. We expect that EURCHF will continue to creep higher towards the 1.2500 area medium-term on the anticipation that EMU is nearer to a finding a solution for the crisis", remarks Senior Currency Strategist at Rabobank.
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