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EUR/CHF

  • #3,621
  • Mar 15, 2012 3:56am Mar 15, 2012 3:56am
Full details here: http://www.snb.ch/en/mmr/reference/p...0120315.en.pdf
  • #3,622
  • Mar 15, 2012 3:58am Mar 15, 2012 3:58am
Quoting tunera
Why, the one we see in the previous days can be just an impulsive move, now it's heading down because probably soo many retails and various traders are taking the profits as they don't see the intervention of snb, but once this profittaking end, the move may be resumed.
Yeah no cristal ball here, i just guess. At least the 1.20 floor looks to be still real and this is a good thing for now.

Yeah...but the question is what was the reason ofr this movement. In my opionion typical speculative move before todays deciosion. Lets think why this piar could rise now? What have changed? For me...nothing. SNB only confirms what we all know since 6 months. EURUSD down, EURGBP stable.
I see two things which could change situation. First more important to me is CPI (YoY below -1,0). Second thing - EUR gains across all currencies but this is less probable now.
  • #3,623
  • Mar 15, 2012 3:58am Mar 15, 2012 3:58am
Quoting tunera
However, intervention or not, today we may see 1.22, so still keep your seat belts fastened.

And yes, i just added a buy on this retrace.

Now it's the work of traders to bring this stuff up
i would be glad if you were true, but im afraid u r not. i think we'll see a price between 2040-2060 today. theres nothing new from swiss, eurchf will return to monday-tuesday's level.
despite all of it, i hope im wrong.
  • #3,624
  • Mar 15, 2012 4:00am Mar 15, 2012 4:00am
Quoting worsttrader
i would be glad if you were true, but im afraid u r not. i think we'll see a price between 2040-2060 today. theres nothing new from swiss, eurchf will return to monday-tuesday's level.
I agree
  • #3,625
  • Mar 15, 2012 4:04am Mar 15, 2012 4:04am
Quoting Mosq
I agree
Nothing new?
The price remained in such range for more than one month, and just broke it 2 days ago.
The market is not only about foundamentals and intervention, at least this is my idea.
But ok for me too this snb no-new thing was slightly upset
  • #3,626
  • Mar 15, 2012 4:17am Mar 15, 2012 4:17am
Quoting tunera
But ok for me too this snb no-new thing was slightly upset
imo this was totally predictable - well, as we have seen yesterday this was not clear for everyone, they hoped that there will be an intervention and they getting into long in time. now snb does nothing, the market feels upset, the price goes down today.
  • #3,627
  • Mar 15, 2012 4:26am Mar 15, 2012 4:26am
Now 1.2140 will be key, if it breaks this week we can hope for a large uptrend I think like JPY.

HOPE! That's free!!
  • #3,628
  • Mar 15, 2012 4:29am Mar 15, 2012 4:29am
Nice trade
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  • #3,629
  • Mar 15, 2012 4:32am Mar 15, 2012 4:32am
Quoting infinity76
HOPE! That's free!!
but it has negative swap
  • #3,630
  • Mar 15, 2012 5:03am Mar 15, 2012 5:03am
I tossed my longs yesterday at 1.2140 and am now short off 1.2130.

Unfortunately in my eyes the pair could just retrace to the mentioned 1.2050 level where I will reenter long. Given the still real problems of the EUR, I think that the franc is still a attractive safe haven for europeans banks, and provide traders with a pretty good range trade.

Good luck to all.
  • #3,631
  • Mar 15, 2012 5:54am Mar 15, 2012 5:54am
let's see New York ! UP or DOWN?
  • #3,632
  • Mar 15, 2012 7:44am Mar 15, 2012 7:44am
Quoting infinity76
let's see New York ! UP or DOWN?

Here U go
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  • #3,633
  • Mar 15, 2012 9:12am Mar 15, 2012 9:12am
as i thought, a huge fall today. unfortunately, it was expected.
  • #3,634
  • Mar 15, 2012 9:15am Mar 15, 2012 9:15am
3 Short Signals.. MACD crossing, RSI broke trend line and support broke at 85. Fibonacci shows us next support at 70 and then 50.
Won't take a long at 70 as I think, that I can get it cheaper...
See a consolidation at 50 again. Then we should trade the range 49-60.
Happy trading!
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  • #3,635
  • Mar 15, 2012 9:38am Mar 15, 2012 9:38am
Good luck
  • #3,636
  • Mar 15, 2012 9:47am Mar 15, 2012 9:47am
Lets all say POSITION trade...
  • #3,637
  • Mar 15, 2012 10:27am Mar 15, 2012 10:27am
The SNB stands ready to take further measures at any time if the
economic outlook and the risk of deflation so require.

http://www.snb.ch/en/mmr/reference/p...0120315.en.pdf
  • #3,638
  • Mar 15, 2012 10:29am Mar 15, 2012 10:29am
Quoting Ema
The SNB stands ready to take further measures at any time if the
economic outlook and the risk of deflation so require.

http://www.snb.ch/en/mmr/reference/p...0120315.en.pdf
So far their economy are still in good shape, so no action needed yet. So, the only way is down for EURCHF...
  • #3,639
  • Mar 15, 2012 10:31am Mar 15, 2012 10:31am
Quoting multi888
So far their economy are still in good shape, so no action needed yet. So, the only way is down for EURCHF...
we will wait!
  • #3,640
  • Mar 15, 2012 10:32am Mar 15, 2012 10:32am
Quoting Ema
The SNB stands ready to take further measures at any time if the
economic outlook and the risk of deflation so require.
and so on...this fairy tale is getting to be boring and annoying.
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