Hello Guys,
we see mainly roumors from the SNB, when a really intervention happened from the bank... it was unannounced (2 weeks ago SNB reduced Libor Rate without notice)...
I remain bullish for the Chf untill a real intervention, beyond the "peg", and other roumors. Tehnically, on USD/CHF and Eur/Chf, we have a very important resistance area, with 61,8 Fibo, Downtrend line (Dynamic resistance), last daily support has become resistance, 50 DMA... so... we wait to see price action to the key level
Any thoughts on this key area??
With respect,
Doctortyby
we see mainly roumors from the SNB, when a really intervention happened from the bank... it was unannounced (2 weeks ago SNB reduced Libor Rate without notice)...
I remain bullish for the Chf untill a real intervention, beyond the "peg", and other roumors. Tehnically, on USD/CHF and Eur/Chf, we have a very important resistance area, with 61,8 Fibo, Downtrend line (Dynamic resistance), last daily support has become resistance, 50 DMA... so... we wait to see price action to the key level
Any thoughts on this key area??
With respect,
Doctortyby