Galations - EUR/CHF

Dear Traders,

This thread is dedicated to Fundermental and Technical Analysis on the EUR/CHF pair.

From my analysis, I believe there is a good probability that the price will go up to test the daily pivot of 1.4865. The price action is currently respecting the trendline drawn on the chart.

Quite a bit of resistance, and subsequently support at 1.4820 for quite a while. Price has been hovering and bouncing off this price.

Long @ 1.4809

As you can see from the 4 hour chart, there is strong support at 1.4768. On the viewable chart below, price action on the 4H candles bounced off that price 14 times. (By bouncing off, I'm also including piercings and close to immediate price reversals back up through that point).

Price is likely to retrace back up on current 4 hour candle, creating another piercing of the 1.4768.

Long at 1.4763
Stop at 1.4663
Target: Watching price action. Potentially 1.4865, however, looking at price action.

Sorry, The chart for the above post.

I see a possible retracement up to 1.51 area. Currency appears to be rangebound. I am long at the moment, from yesterday @ 1.4763

Possible perverted head and shoulders. However, on short time frame, there is a diamond (diamond not shown on chart below), and an ascending triangle, suggesting a continuation of a bullish movement.

Price movement is a little hesitant at the moment. Price seems to be respecting descending trendline at this time.

Symetrical triangle (pennant). Breakout likely to happen at some point. Higher highs and higher lows.

Hi
I'm glad cas you opened this eur/chf thread congratulations. This old risk barrometer atract my attention 3 weeks ago and i'm watching it since then.
Please tell me the fundamental that push eur strenght because the outlook on EU doesn't look good at all.

I have to go out now, but I will post the fundermentals for both these currencies later. I personally think it's one of the best pairs to trade, as I like ranging.

Looking for a touch on the Fib 50% or at least 38.2.

This descending triangle is proving to be a gold mine. Lovely support and resistance.

I am short biased. I believe there is a high probability price will test 1.4774 again, and potentially down to 1.4758 if it breaks that: if that is broken, potentially down to 1.4700.

Looking to short around 1.4825.

Not much happening in the Fundermentals this week for either pair. Next week (Thursday) there are a couple of biggies for the Euro.

12:45pm EUR Minimum Bid Rate http://www.forexfactory.com/images/m...dar_detail.gif 1.50% 2.00%
1:30pm EUR ECB Press Conference http://www.forexfactory.com/images/m...dar_detail.gif

Symetrical triangle (pennant), providing clear support and resistance. Good for range trading - Wait for breakout.

Been watching this pair. Shorted 1.4910, seems to be establishing range 1.4900 to 1.4700 (4 hour charts) give or take. Therefore, will take profit at just above 1.48 level

The above worked, waiting for the next one.

hi Galations
please tell me how the end of the month affect eurchf tomorrow, because usually the last trading day is a usd positive day due to money flow.

short 1.4860 (55 and 100 hour moving average and hourly resistance)
target previous low - 4811 initialy

hi all traders
the big move will come tonight ??? after the dow and s&p close today we have high probability to see eurchf under the 1.47 on the to 1.43 so Short is the strategy for the tokyo and london sessions ...

I'm on a short at the moment actually from 1.4805. There is a nice channel downwards. I am short bias (obviously).

There is argument that the correction down to 1.43 has been completed, and the 5th eliot wave is now done (therefore a bullish retracement): however, I think there is quite a bit of pressure on the Euro. The swissy is also a safe haven, along with the USD and the JPY.

The EUR/CHF seems to get magnetised towards support and resistance lines, and more often that not, as soon as it touches them, it will bounce right off hard.

Please see the chart below. Daily trend line with past price reversal levels, acting as support. These are my targets. While obviously watching price action.