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Attachments: EUR/CHF
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EUR/CHF

i put a buy limit at 1.155
Don't Worry Be Happy
Anyone believe this?

'We believe the central bank won’t let the currency pair move below the 1.15 threshold '

'Last night, EUR/CHF’s price action was volatile before the currency pair started to pick up towards 1.1630. There is rumour that the SNB has had to step forward to stop further CHF appreciation. As usual, it is hard to tell whether the rumours are true or not. However, given the sharp appreciation of the Swiss Franc of the past couple of weeks, there is little doubt the central bank won’t stand and watch the CHF going to the moon. Market participants will get more information next Monday when the SNB will release its weekly report. We believe the central bank won’t let the currency pair move below the 1.15 threshold'. https://uk.investing.com/analysis/did-the-snb-intervene-in-to-prevent-further-chf-strength-200199551
Quoting EventHorizon
{quote} "EURCHF on track to retrace 2015 SNB move The pair developed a bullish channel and in case of a breakout of the higher side EURCHF could be projected near 1.20, a 100% retracement of the Swiss National Bank event of January 2015. The channel has a width of 230 pips thus below the lower side of the channel EURCHF is supposed to drop at least 230 pips. " I had the above in my notes from an article 2017.11.15 (forgot to get the link). {image}
So its dropped 155 pips form the bottom of the channel; 75 pips to go?
Quoting EventHorizon
{quote} So its dropped 155 pips form the bottom of the channel; 75 pips to go?
I think that it may have already found support near 1.155 but we will see
Don't Worry Be Happy
Quoting EventHorizon
Anyone believe this? 'We believe the central bank won’t let the currency pair move below the 1.15 threshold ' 'Last night, EUR/CHF’s price action was volatile before the currency pair started to pick up towards 1.1630. There is rumour that the SNB has had to step forward to stop further CHF appreciation. As usual, it is hard to tell whether the rumours are true or not. However, given the sharp appreciation of the Swiss Franc of the past couple of weeks, there is little doubt the central bank won’t stand and watch the CHF going to the moon. Market...
that is true, for now. CHF got some strength from OANDA cause >70% traders at there long USD/CHF.
And in the end, it affected EUR/CHF as well.
As for USD/CHF, i don't know where it might go but EUR/CHF might have a limited bottom and big upside left. Just buy into it.
entered long position around 1.155

stop below 1.153

targets 1.16, 1.17, 1.18
Don't Worry Be Happy
Quoting MrPresident
entered long position around 1.155 stop below 1.153 targets 1.16, 1.17, 1.18
tp should be at least 1.19 i think. Btw, good entry, cause current price got manipulated till this level. And we might see SNB intervention to push EUR/CHF higher later.
Quoting FateAnother
{quote} tp should be at least 1.19 i think. Btw, good entry, cause current price got manipulated till this level. And we might see SNB intervention to push EUR/CHF higher later.
“If the US Treasury was to label another currency a currency manipulator it would imply that three criteria had been hit“... this article seems to suggest, in its undertone, that Trump might try to stop Swiss currency manipulation.

https://www.fxstreet.com/news/chf-in...k-201801301246
Intra day Alpari TC Technical Analysis puts EURCHF as falling to 1.5350 and 1.5050 in extension. The puts the pair below their Daily pivot point of 1.5400 and resets the daily as "Fall" instead of "Rise" which means long term down trend.
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Quoting EventHorizon
{quote} “If the US Treasury was to label another currency a currency manipulator it would imply that three criteria had been hit“... this article seems to suggest, in its undertone, that Trump might try to stop Swiss currency manipulation. https://www.fxstreet.com/news/chf-in...k-201801301246
from there, they think trump will understand and not doing much about it.
With current condition it will be good as well for trump to let it be.
i opened another buy limit at 1.1550 if this pair falls back down to support again

if it clears 1.1550 on the daily chart, then i'm no longer bullish
Don't Worry Be Happy
I'm not trying to plan for a long time because I do not have enough info for me.
rather scalp m15-h1.
there is currently no possibility yet.
Might EURCHF fall back into sideways pattern?

SNB calling for CHF weakness and saying it's over/highly valued and says intervention still on the agenda. The difference being that now sellers seem happy to sell into USDCHF and EURCHF rallies as USD supply prevails overall and global fragility gives safe-haven demand for the franc.'
http://www.forexlive.com/centralbank/!/does-latest-round-of-chf-weakness-have-the-snb-footprint-all-over-it-20180202
looks like there is some support for this pair and maybe it will slowly crawl to 1.18 again
Don't Worry Be Happy
panic day today in the markets caused the pair to fall to 1.155 area, it is possible that it will go a bit lower to 1.15 but I'm buying the dip to see how it plays out
Don't Worry Be Happy
]
Quoting MrPresident
panic day today in the markets caused the pair to fall to 1.155 area, it is possible that it will go a bit lower to 1.15 but I'm buying the dip to see how it plays out
It is now down to the daily pivot at 1.15400. If it reverses the longer term trend to 'decline', it may go down to 1.1250. But if this fall is based on short term news then maybe not.

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Swiss Franc Surge Seen as Blip in Currency's Descent as SNB Lags
Bloomberg
The franc is likely to reverse last month's rally to weaken to 1.20 against the euro, a level not seen since the Swiss National Bank abandoned a ceiling three years ago, according to Julius Baer Group Ltd. and Canadian Imperial Bank of Commerce.

https://www.bloomberg.com/news/artic...nt-as-snb-lags
i think this pair is going to be difficult and maybe there will be a choppy trend to the downside if equities continue to sell off
Don't Worry Be Happy
Quoting EventHorizon
EURCHF on track to retrace 2015 SNB move The pair developed a bullish channel and in case of a breakout of the higher side EURCHF could be projected near 1.20, a 100% retracement of the Swiss National Bank event of January 2015. The channel has a width of 230 pips thus below the lower side of the channel EURCHF is supposed to drop at least 230 pips. https://www.fxstreet.com/analysis/eu...e-201711150844 It has dropped below that channel. What do you guys think? 250 pip drop? {image}
So, this has come true. If still true now it should reverse.
Quoting EventHorizon
Swiss Franc Surge Seen as Blip in Currency's Descent as SNB Lags Bloomberg The franc is likely to reverse last month's rally to weaken to 1.20 against the euro, a level not seen since the Swiss National Bank abandoned a ceiling three years ago, according...
Are you people still believing this BS.

Even all SNB words in late 2014 was proven BS in January 2015.
After 3 years now, Eurchf is half way from 1.20 historical crash and SNB scandal!!
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