allright getting close R 1.0813~
I will make an entry here for a short, lets see how it plays.
I will make an entry here for a short, lets see how it plays.
GBP/CHF and USD/CHF 955 replies
Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies
EUR/CHF, USD/CHF turning up? 1 reply
Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies
DislikedIt took a long time for the Swiss to wake up but finally they start to play with the same cards as the rest of the world.
http://www.nzz.ch/nachrichten/wirtsc....11907442.html
Fasten the seat belts if that comes true.Ignored
Dislikedtargets for the franc intervention:
"Lukas Gaehwiler, head of UBS AG’s Swiss operations, told SonntagsZeitung in an interview published today that the SNB has “better chances of success” with interventions, given the current exchange rate. Policy makers would have to be ready to spend “several hundred billions of francs or more” and introduce a lower limit of 1.25 or 1.30 versus the euro, he said."
http://www.businessweek.com/news/201...tung-says.htmlIgnored
DislikedLooks like they've edited the article to remove your quote you've put in boldIgnored
DislikedTook a short looking for 400 pip or so target
Entry @ 1.13053
TP #1 1.11093 (ADR Low)
TP #2 1.10184 (200 EMA)
TP #3 1.08786 (800 EMA)
TP #4 1.06843 (12th Aug's Low)
Also looking for the gap to be filled too, towards the ADR's low
Do good stuff
SteveIgnored
DislikedWe could see 1.15-1.16 before it drops back down for a serious correction.Ignored