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DislikedI 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)
What do you think ?Ignored
DislikedIt 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