Dislikedi hope ur right last time we went up*200-300 pips we were at same spotIgnored
but how about the cpi data monday????they should wait it first i think..hahahahah
Bismillah
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Dislikedi hope ur right last time we went up*200-300 pips we were at same spotIgnored
Dislikedfor those who waiting for intervention, i wana ask you.. did SNB really make any statement for above peg price level target? as i recall, SNB only make bold statement to defend 1.20 price level.. they didnt mentions any above level targets.. why so many people keep telling certain level such as 1.32, 1.4, 1.5, which is way beyond any fundamental analysis.. as technically as i can see, Eurchf is heading down.. NFP will push it lower i believe no matter it's good or bad data..Ignored
DislikedFXstreet.com (Barcelona) - The market seems decided to test the SNB’s resolve, as the appreciation of the Swiss franc against the single currency appears to be unstoppable.
SNB’s interim President T.Jordan said yesterday the bank is ready to buy EURCHF in unlimited quantities, in an effort to curb the downside, accelerated after the SNB quarterly meeting last December.
Market participants were casting doubts regarding a change in the stance of the SNB monetary policy after the resignation of former President P.Hildebrand, but further comments...Ignored
DislikedI see where you are coming from , but I think the reason for the E/C to be under so much downward pressure , comes not only from the commercials hedging against the speculators(retail traders) as is usually the case , but the biggest down pressure on this pair, I believe stems from the other CHF crosses, e.g USD/CHF, where retail traders feel more at ease shorting those pairs.For this pair to move, we need strenght in both Euro and USD , and atm none are doing too great, so even if the true ratio where to be 100% long to 0% short on E/C , it would...Ignored
DislikedONE THING IS ABSOLUTLY SURE!!!
Good risk/ reward ratio.
If you are not in EUR/CHF long you miss the profit if SNB takes action.1
Waiting, waiting........
If you do not believe it , trade other pairs.Ignored