EUR/CHF

I am waiting for my tp dont expect anything else.

When will the bottom?

Very soon. I'm looking for the bottoming off to be within 1.33-1.35 region.

EURCHF seems to headed down, to test the PF levels and H&S on hourlies indicate 135.

sorry i forget too send it 4 hour ago

http://askafo.com/apic/2262010ech-465h6465dhhdf.PNG

Waiting for intervention SNB ...
Pick up whether the price up to 1.4?

Waiting for intervention SNB too


Budget cuts in EU and strong chf killing export.

No export = no productions = price down (kenn prices) = deflation

Here my monthly chart...really hope it for bullish

Hi
may i ask, have you taken a long position and also what would your stop be for this? it has huge potential to go up, but will probably need intervention soon
thanks

From reading a couple of articles, the recent slide started after the SNB hinted no more interventions.

Opps looks, like I'm taking a big loss today.

Good luck.

Will have an opporunity for some bullish action after the support @ 1.3512 will be held? The question is will it hold..

I do not think that we can made any forecasting about EURCHF ) Who knows bank support level??? Where a price can be dropped 50-100pp more before intervention. I do not understand chf now, I killed some wrong longs, opened again from 3480 and seems will not wait. Crazy pair.

Even though SNB said it will not intervene, the market situation and current chf levels will kill Switzerland if they continue to rise.
An intervention is inevitable in my opinion.

Ok, what level? 1.35 ? 1.30 ?

I believe it will happen where there are enough short sellers contracts on the market so an intervention will create a domino effect which at least in a short period of time will depreciate CHF.

I bought at 1.3430, my SL is at 1.3400...don't know why it has dropped 100 pips this morning while DAX is up....
TP at least 200 pips away from current price...

Probably the reason was interview with Jean-Pierre Danthine from SNB (I saw only headline, without details)
I took small long at 1.3425, SL below .3395

They're out of bullets and took ~8B loss in the Euro so far. If they were crazy enough to intervene then short EUR/CHF, because you can see the downward pressure is big by holding it up so long.

Just an opinion though.

that is only an accounting loss...
I guess the whole story with europe and euro is over...i guess these short EUR/CHF must close their positions at some point....
I watched swiss television explaining how everyday swiss banks are receiving billions of inflows from europe...those are rich people, individual investors, but I guess in the end they are also the crowd who's gonna loose on long swiss franc positions...

I am just hoping that this is the bottom...

I know trading should not be based on hoping, but my theory is that the gain at these levels are substantially larger than the small loss I could incur

Euro falls to lifetime low vs Swiss franc

LONDON June 28 (Reuters) - The euro fell to a lifetime low against the Swiss franc on Monday after comments from a Swiss central bank official bolstered the market's view the country was winding down intervention to stem strength in its currency.
The euro EURCHF= fell as low as 1.3432 francs according to Rueters data, hitting its weakest since the single currency's launch in 1999.
Against the dollar, the franc CHF= rose to 1.0870 francs per dollar, its strongest since early May.
Earlier in the day, Swiss National Bank board member Jean-Pierre Danthine was quoted in the d'agefi newspaper as saying deflationary risks had largely disappeared in Switzerland and Swiss exports have proven to be robust despite a strong Swiss franc.

http://www.reuters.com/article/idUSLDE65R0I420100628

wow, this guy really wants to give CHF a boost...what a central banker...maybe he's just inviting franc longs, in order to squeeze them out by intervention, I really don't know.

There is a nice doji forming on the 30minute chart...

Hope is always the feeling that tells me to get out of a losing position. I took a big lose Friday with my longs in EUR/CHF. The 160 pip drop today would have really hurt. I'm guessing maybe the bottom will come soon enough.