Where Will EUR/CHF End 2012? Poll

According to my 
year-old poll, only about ¼ of this blog’s readers believed that EUR/CHF would hold above the floor level of 1.20 for so long. Since September 2011, the currency pair has been demonstrating some really strange behavior — from the points of view of both technical and fundamental analysis.
As can be seen on the chart below, EUR/CHF tried to reverse its long-term downtrend immediately after the Swiss National Bank has introduced the “peg”. The rally only lasted for about a month and then, the Forex pair went down gradually, reaching the 1.20 bottom level by April 2012. The calm period lasted for five months with only three minor disturbances — upward price spikes on May 24, June 29 and August 6. In early September, 2012, the EUR/CHF showed some bullish action, which has ended by September 18, after which day, the pair entered a sideways movement near 1.21 area.

Considering the fact that this currency pair still bears an almost
risk-free opportunity (for those who believe in SNB’s credibility) to earn from the positive interest rate difference between the euro and the Swiss franc, it would be useful to know what are the expectations of the average market participants. My personal opinion is that EUR/CHF has a good chance of staying near its current rate of 1.21 by the end of 2012. Additionally, I believe that the Swiss financial authorities will keep the 1.20 floor intact at least through 2013. And what do you think about EUR/CHF?

Where will EUR/CHF end its trading in 2012?

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Please note: the poll will expire on December 23, 2012.

If you have some questions or comments about the future of the EUR/CHF currency pair, please feel free to submit them using the form below.