DislikedWith all this bias of EURCHF moving up slowly, but don't know to what level, I think most of us will at one point start to close our longs. The EU crisis is more subdued now, yes b'cos of ESM & people are looking at a global crisis. SNB also slowing down their EUR purchases.
But then, at what point? We don't know - problem is it may be too early to close longs. Say if a gradual movement happens over 1month till 1.2100, are we comfortable closing there? What if it goes up another 100 pips? What then if SNB takes opportunity to dispose their...Ignored
- #8,603
- Jul 16, 2012 3:06pm Jul 16, 2012 3:06pm
- | Joined Oct 2011 | Status: Trader | 1,247 Posts
I thought it looked like EC may break out of its range today.
But as usual it is being sold off again
But as usual it is being sold off again
- #8,604
- Jul 16, 2012 4:06pm Jul 16, 2012 4:06pm
I thought it looked like EC may break out of its range today.
But as usual it is being sold off again
- #8,611
- Jul 17, 2012 1:09pm Jul 17, 2012 1:09pm
EUR/CHF catches a rare bid
Written by Adam Button
July 17, 2012 at 17:37 GMT
A four-pip explosion to the upside, touching 1.2014, marks the highest since July 5.
Probably just some flows, nothing to get excited about.
4 pip explosion
)
