On the downside, below 1.2182 minor support will turn bias neutral and bring consolidations. But downside should be contained by 4 hours 55 EMA and bring another rise. There should be consolidations from 1.1802 to continue for a while.
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Joined May 2010
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Status: I steal few pips
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I opened a small long trade on EUR/CHF just now, I think that this cross has to rise again up to 1,25 zone in the mid-term
The CHF has been heavily over-evaluated for a long time now.... I think that with a possible economic boost, these currency-havens will decrease their value (CHF, GOLD, AUD)
I opened a small long trade on EUR/CHF just now, I think that this cross has to rise again up to 1,25 zone in the mid-term
The CHF has been heavily over-evaluated for a long time now.... I think that with a possible economic boost, these currency-havens will decrease their value (CHF, GOLD, AUD)
It is not what you & i think, it is about the big boys. In actual fact no analyst, economist or central bankers know where the pair will go. I can bet you nobody can answer why did the EUR/CHF stop at 1.1802 & GBP/CHF at 1.3260 why not 1.1799 or 1.3245. The EUR/CHF has come down from 1.70 to 1.18 & GBP/CHF from 2.55 to 1.32, these huge adjustments in currency valuations have not affected Switzerland a bit so what will happen if EUR/CHF goes down to .5 & GBP/CHF to .9. Let's not go to trade imbalnces & other blah blah. SNB has no control over valuation they have already been battered & bruised.
Above all let stay into these Currency Havens who would like to get out & go into Hell. I bet you no body can give us ananswer why 1.1802 ???????????????????
It is not what you & i think, it is about the big boys. In actual fact no analyst, economist or central bankers know where the pair will go. I can bet you nobody can answer why did the EUR/CHF stop at 1.1802 & GBP/CHF at 1.3260 why not 1.1799 or 1.3245. The EUR/CHF has come down from 1.70 to 1.18 & GBP/CHF from 2.55 to 1.32, these huge adjustments in currency valuations have not affected Switzerland a bit so what will happen if EUR/CHF goes down to .5 & GBP/CHF to .9. Let's not go to trade imbalnces & other blah blah. SNB has no control over valuation...
Ignored
Take it easy man ... I just said my point of view and I bought a small lot ... that's all ! .... peace
EUR/CHF just dropped. The Greece disaster is not over yet.
The overall bias is clearly down EUR and up CHF. I am looking for short entries to ride out. Look at the 200 day EMA or the 50 day EMA - only when price is clearly above or at least the 50 day EMA showing up slope than a change in market sentiment can be considered.
True - there are bounces and opportunities for very short term positions going long - as there always are in a market that is down trending.
I would consider an early long entry when there is an upwards break of the highest high of the previous 20 days and only stay long while price remains above that level. Below that level I am short.
Do not buy the EUR/CHF just because it looks cheap on the chart.
Rare technical picture on eur/chf this week. 1.2300 was the first level to get short as the weekly trend changed from up --> down. Triple divergence along with some easy patterns.
