EUR/CHF

I’ve got a question to you guys for the weekend.

Do you prepare yourself for so called news-trading?
Do you have some “method” to struggle with all the sudden trend reversals, spikes and panic attacks during news events...

I really hate them. You never know what can happen and things can change in a minute.

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Anyone sees the opportunity for a retracement like I do on the H4 and D1 charts?

put blomberg on your side, any news regarding eurozone bonds yield widening buy all chf at least that's the sentiment right now

There is a little uptrend channel formed this morning (15M charts)
If the price won’t break below the channel we can expect some higher prices today.
However the main bias still remains bearish so I stay neutral on EURCHF today.

Watch where will the price break the channel (up or downside) and it could be an indicator where could EURCHF move in next couple of hours.

So the channel was broken from the downside.
The first target would be 1.1355 zone but I think price will probably want to retest 1.1300 area again.
And this will be very important level for EURCHF as it can set up a strong trend for rest of the week.

Don’t you guys think it’s a possible scenario for rest of the day?
(RED LINE- prediction line)

Attached Image (click to enlarge)

Target hit.
Now watch closely for 1.1300 zone...
It could be an interesting battle between bears and bulls.
Large amount of bulls stop-loss orders below 1.1300 so any breakout will trigger large price movement to the south.
But bulls are coming to play the game now ;-))))
They will fight to support 1.1300
I am slowly getting ready to go long but need a strong confirmation signal of trend reversal.

Nice trade man.

Price broke through 1.1280 and for me this is a clear signal to... TURN OFF MY COMPUTER and wait for better set up. :-))))
I was thinking about going LONG but this scenario has been denied at the moment.
Now anythig can happen.
Maybe it goes down or up, I don't know, but this is not my trade.
Enjoy...

1220 GMT [Dow Jones] EUR/CHF risk is now towards 1.11, says Commerzbank. Analyst Karen Jones says the cross has just breached its 1.1275 Fibonacci extension target, and the next prop is the April to July support line at 1.11. Sees psychological support at 1.10, and then nothing until 1.0775. Now trading at 1.1269

just 1 chart

http://i54.photobucket.com/albums/g9...o/euro3-23.gif

i think is time to start being long, with caution on keeping some margin in case buying at lower levels is needed

but at these prices rate differential should begin to work in favour of EUR, +1,25% in the Euro zone and one more hike potency for the end of the year

this pair should move to 1.20 - 25 soon on fundamental basis, pity uncertainity is too spread in Europe and USA....

wait for

Obama
Osama

speech

http://www.bloomberg.com/radio/

 

1. default risk does not exist in US
2. deficit finance concept is history
3. for 2 years the tax structure will remain as it is
4. interest rates will have to rise [IMF]
5. 74 - 26 , bill passed

eurchf is far safer to trade as compared to eurusd, damn good profits

http://i54.photobucket.com/albums/g9...o/euro3-24.gif

Omfg look at what i did
The straw that broke the camels back

http://img6.imageshack.us/img6/2222/omfgdu.png

congrats mate

fitch rating to come soon, this will move the market like hell

Thanks i normaly don't post charts but this one just looked so cool.
now it will probalby reatrace all the way back as big boys fades the move
Will leave 50% at BE

Osama is live on radio

http://www.bloomberg.com/radio/

Obama