Galations - EUR/CHF

That is a wise strategy. Nice one.

When this pair breaks out, it moves so so fast. I looked at it one minute, then a few minutes later it had moved nearly 100 pips...! Now, as you said, it's about buying into the lows.

I am waiting for a retracement back closer to the daily start for a long entry. I'm not taking any shorts: I'm not comfortable taking any shorts.

Buying the dips.

Does anybody have any input on this pair? See graph below. I usually have a pretty good idea where a pair is going, but for some reason, I'm in no mans land at the moment: maybe I've had a brain block?

What do you guys see from the chart below.

EUR/CHF - Euro Swiss Franc

Short term (Intraday)

1,5297. EUR CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,5240 / 1,5320 range.
We won't take a position. There is no trade configuration.
Resistances
1,5320 - 1,5340
Supports
1,5245 - 1,5210

I think price will go up 20 pips or so from this point.

In a holding pattern on this one, could go either way seems be testing support at 1.5200ish. found interesting gartley type pattern on 4hr

In my opinion, it is a good chance to buy EUR/CHF when the price drop to around 1.5150. I think Swizterland will still try to depreciate Swiss when EUR/CHF drop to lower than 1.5100. It should be safe enough to long it !!

I just long this pair today at 1.5150, i hope it will go up to 1.5350 after a few weeks.

Looks like a bottom has formed at 1.5140.

I have just put in a long term buy at 1.5150.

Let's see the outcome in November

Thank you for the nice call.

What do you think about the pair USDCHF and GBPCHF. I think all of that is good one for long. What is your comment?

Thanks.

I think the EUR/CHF will be due for a retracement in one of the following areas. I think if the price does happen to get up to the 1.52 area / 38.2 Fib which is 1.5205, I think there will be at least some reasonable retracement, even if price does continue to rise after that.

On the chart are areas of potential reversal, in my opinion, based on major historical reversal points.

Euro is strong from ZEW German investor confidence: highest in 3 years.

Ok, after the Libor rates for the Swiss Franc came out earlier, price spiked up into the blue area as previously stated yesterday, and then reversed.

Please see the attached chart. From your analysis and reasoning, what is your opinion on the direction of price tomorrow, and the coming week?

All input and opinions are welcome.

The SNB has said they will continue to suppress the value of the CHF against the EUR as to stimulate their export, which their economy relies on this heavily.

The SNB did paint a rosier picture of the Swiss economy, which was better than had been forecasted: When the Libor rate came out at 0.25% on Thursday, price spiked up to 1.5230 in minutes, but just as fast as it rose, it fell, based on the fact that the Swiss economy is doing better than expected.

With the knowledge that the SNB can buy billions of Euros at any time to drive down the value of the Swiss franc: it is wise to have sensible stop losses in place if shorting the EUR/CHF.

I personally was on the wrong side of this pair as the SNB decided to buy 12? Billion euros, to drive down the value of the CHF, driving price up approx 580 pips in one day: quite a substantial move for this pair.

Technically, this pair has been ranging since march between 1.50 & 1.5380.

I to be honest, am not very sure within myself where this will go on Monday. Maybe a 30 or so pip fall below daily start, and finish the day about 15180 area? We shall see.

Chart says it all.

That would you your break.

My Long view....

My View....I think....

^^^Man those charts are very busy.

yeah really busy