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EUR/CHF

  • #2,121
  • Jan 5, 2012 4:04pm Jan 5, 2012 4:04pm
TODAY CPI N CURENCY RESERVE event must be watch closely.....might hav some move for euro swiss soon....
Bismillah
  • #2,122
  • Jan 5, 2012 4:14pm Jan 5, 2012 4:14pm
i closed my long 2182.

things are not anymore as inityal plan.

oh well.... better some profits than a kick in the a**

yes tomorrow good events for CHF,
about EUR CHF until we have such a weak euro..... not so much to do!

lets see if happens something good, hopefully if it fly up 200 pips wil give me time to pick the position again!
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  • #2,123
  • Jan 6, 2012 4:25am Jan 6, 2012 4:25am
Negative CPI but no movement for EURCHF....coming to 1.20 soon.
  • #2,124
  • Jan 6, 2012 4:45am Jan 6, 2012 4:45am
Market participation is still below average but price is near the lower edge of the demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: eur chf.gif Size: 157 KB

Looking to add a small position once supply has dried up, close to 1.20 would be nice.
Looks like the SNB could be in for a test very soon.
  • #2,125
  • Jan 6, 2012 5:31am Jan 6, 2012 5:31am
"The rising 100 day MA continues to support at present and we continue to look to buy dips back to this level, stopping below the 1.2123 Oct 3 lows if set. A break back below 1.2123 risks a retest of the SNB line in the sand and we would again look to buy ahead of this level. Topside, the 1.2475 level remains key.

by FXStreet

Taking into account that next week we have only Retail Sales data on Monday which usually doesn't have direct impact...testing 1.2120-1.2130 seems probable.
  • #2,126
  • Jan 6, 2012 9:40am Jan 6, 2012 9:40am
EurUsd looks over sold and UsdChf doesn't look too overbought. If the EurUsd starts to climb, we might not see an equivalent fall in UsdChf, which should raise EurChf, which is also oversold.
  • #2,127
  • Jan 6, 2012 9:44am Jan 6, 2012 9:44am
Quoting werido
EurUsd looks over sold and UsdChf doesn't look too overbought. If the EurUsd starts to climb, we might not see an equivalent fall in UsdChf, which should raise EurChf, which is also oversold.
EURCHF is gone case now....only a rumour of intervention be able to move it now cause there's no more news to move it at the moment. But if it come down to 1.21 and below, its a good buy imo.
  • #2,128
  • Jan 6, 2012 9:47am Jan 6, 2012 9:47am
Quoting multi888
EURCHF is gone case now....only a rumour of intervention be able to move it now cause there's no more news to move it at the moment. But if it come down to 1.21 and below, its a good buy imo.
There is also big buyers @ 1.2125
  • #2,129
  • Jan 6, 2012 9:53am Jan 6, 2012 9:53am
Quoting werido
There is also big buyers @ 1.2125
How do you know there's a big buyer at 1.2125?
  • #2,130
  • Jan 6, 2012 10:00am Jan 6, 2012 10:00am
ForexLive has market talk to that extent. Can't know for sure and how big but seems about right, not that we're definitely heading there.
  • #2,131
  • Jan 6, 2012 10:02am Jan 6, 2012 10:02am
Quoting werido
ForexLive has market talk to that extent. Can't know for sure and how big but seems about right, not that we're definitely heading there.
Ok, thanks for the info....I'm still holding on to my long of 1.2138.
  • #2,132
  • Jan 6, 2012 12:50pm Jan 6, 2012 12:50pm
This is a really good buy time and price. The rsi and williams have it very oversold with even a bit of divergence, the resistance is very high up with an upward bias in its self. This is usually a slow time of day for there to be much more of a continuation. Best bet to invest half a lot now and the other half if it goes down any more to double down. I would say if it goes down another 15 pips to buy even more. jmtc.
  • #2,133
  • Jan 6, 2012 12:54pm Jan 6, 2012 12:54pm
eurusd is putting up couple of dojis, i think it had enough for the time being.
  • #2,134
  • Jan 6, 2012 12:59pm Jan 6, 2012 12:59pm
migbank confirms that the price needs to sustain a break above the 1.2245 to eliminate the downward trend. i think the snb has to come in at some point to protect their floor, otherwise they might risk seeing a huge run from the euro to chf. The latest "scandel" didn't scare the market away from chf so i think they have to buy up some of this building momentum.
  • #2,135
  • Jan 6, 2012 1:52pm Jan 6, 2012 1:52pm
Quoting werido
migbank confirms that the price needs to sustain a break above the 1.2245 to eliminate the downward trend. i think the snb has to come in at some point to protect their floor, otherwise they might risk seeing a huge run from the euro to chf. The latest "scandel" didn't scare the market away from chf so i think they have to buy up some of this building momentum.

Mig are loosers... How can they play a target of 1.17 even 1.10 with a floor @ 1.20 ???
  • #2,136
  • Jan 6, 2012 2:18pm Jan 6, 2012 2:18pm
Quoting Doc'
Mig are loosers... How can they play a target of 1.17 even 1.10 with a floor @ 1.20 ???

targeting 1.17 is really non sense.
ok, everything is possible and we never know what can happen, but if i was short 1.24 this is best place to close and get profits.

looking h4 charts, price is approaching near 2130 again.
im happy of my closing long 2182.

what i actually see is usd chf possible top and retrace into 94 area next week while euro still no giving signs of recover from 1.27.
hopefully next week this lower 1.21 area will show reaction to buy it!
Attached Image (click to enlarge)
Click to Enlarge Name: ech.gif Size: 24 KB
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  • #2,137
  • Jan 6, 2012 2:20pm Jan 6, 2012 2:20pm
This is so weird. after a huge range making a strong resistance line, this pair sinks fast, then tumbles slowly some more.
The SNB might not have too much time just waiting for the eurozone crises to heal before their 1.2 floor gets a heavy challenge. once they loose credibility with their peg assurances they might not be able to sustain another attempt at a peg. If they can't defend this one, that's the end of their credibility and further news releases won't carry as much weight as they do now. I think they should take advantage of their current respect level and raise the floor to 1.3. Could there be any stronger a sign that they mean business.
  • #2,138
  • Jan 6, 2012 2:21pm Jan 6, 2012 2:21pm
The floor 1.20 is still big question. Everyone says to make an intervention successfully, there is need to be done when no one is expecting that. Once the floor was set up, everyone expects the intervention. And second question how big gonna be the intervention at 1.20, 50 pips, 100 pips, 500 pips? If they do it small then attacking 1.20 will be holy grail for traders. SNB probably cannot intervene for any reason. So it must be big intervention to 1.30 and more otherwise we going back to parity and if Hildebrand was not fired for insider trading then for not defending 1.20 he will.
  • #2,139
  • Jan 6, 2012 2:53pm Jan 6, 2012 2:53pm
Dimitri, yes.
Yes, as i said 10 days ago; this will go at 1.18 or maybe lower.
Update; i still see no reason to be long here.
It's getting highly dangerous.
I'll shop after the drop
  • #2,140
  • Jan 6, 2012 3:03pm Jan 6, 2012 3:03pm
Quoting werido
This is so weird. after a huge range making a strong resistance line, this pair sinks fast, then tumbles slowly some more.
The SNB might not have too much time just waiting for the eurozone crises to heal before their 1.2 floor gets a heavy challenge. once they loose credibility with their peg assurances they might not be able to sustain another attempt at a peg. If they can't defend this one, that's the end of their credibility and further news releases won't carry as much weight as they do now. I think they should take advantage of their current...
Raising it to 1.3 is probably not in the works just yet. Really, as long as the Euro is crashing, so is the CHF and that is what they want.

As for this being weird... I count 4 times it has shot from 1.21xx to 1.23xx in 4 months...
Kill the ego, or it will kill the mission.
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