Only SNB can help you...its moving down.
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DislikedFXstreet.com (Barcelona) - The EUR/CHF is under pressure from both sides. The pair weakens on Eurozone growing crisis and strengthens on SNB rumoured market interventions. After dropping from 1.2354 to 1.2284 daily low, the pair rallied to the upside and is quoting at 1.2322, at the moment of writing.
Having returned above the 1.2300 psychological level, the EUR/CHF may resume a movement to the upside, as Financial Trend Analysis experts Klaus Ikast and Kim Cramer Larrson suggest long positions on the pair.
On the other hand, Mataf.net analysts...Ignored
DislikedTrailing stop got triggered last night.
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Regardless of news I will wait on signs of strength to build a long again.
I am sure that the SNB will defend certain levels (latest at 1.20) without any hesitation.Ignored
DislikedI will definatly go long, but we may have to wait awile. I tend not to use stops, they can cost you a lot of money, if you can afford it hang on untill it turns.Ignored
DislikedSeem like 1.2290 resistant is hard to break...if can't break, may see lower range of 1.22 soon.
I wonder how this pair is gonna move up without SNB. Being seeing:
1. When EUR/USD up - EUR/CHF will go down and when EUR/USD down, EUR/CHF also down.
2. When USD/CHF up - EUR/CHF will go down and when USD/CHF up, EUR/CHF also down again.Ignored
DislikedHi guys
I know it can be frustrating trading this pair at times. The swings down can be strong and sudden.
Just trade it like any other Euro Pair in case of doubt.
Hopefully, some of you were able to buy some at levels around 1.22xx.
The SNB will intervene again, just give it time and let them do it on
their time table, not on your margin.
cheerio
tpIgnored
DislikedThis pair downside bias is more than any other Euro pairs, IMO. I don't think SNB will come in at this range...more likely at 1.21 - 1.20 level.
Hope I'm wrong...Ignored