Attachments: EUR/CHF

EUR/CHF

#8,861
Aug 2, 2012 2:44am Aug 2, 2012 2:44am

mccoy
| Joined May 2011 | Status: Trader | 45 Posts

1.2029
move up or just spike?

#8,862
Aug 2, 2012 2:45am Aug 2, 2012 2:45am

lonis7
| Joined Apr 2012 | Status: Trader | 14 Posts

Quoting mccoy

Disliked

1.2029
move up or just spike?

Ignored

Let's see once more.... Hope to start moving up at last !!

#8,863
Aug 2, 2012 2:45am Aug 2, 2012 2:45am

eqshack
Joined Jul 2011 | Status: Lord Of War | 1,853 Posts

MACD shows stronger move then we had before..with spikes - plus we are not falling back down so fast

Early to bed, early to rise, keeps you healthy, wealthy and wise.

#8,864
Edited 2:58am Aug 2, 2012 2:46am | Edited 2:58am

brinks
| Joined Oct 2011 | Status: Trader | 1,247 Posts

Quoting mccoy

Disliked

1.2029
move up or just spike?

Ignored

my opinion is its been to slow for a spike they usually happen on a four hour candle but its gotta get through 1.20300 1.20350 to keep going

EUR/CHF finds a pulse….?

Written by Pete Jackson
August 2, 2012 at 07:50 GMT

Apparently it’s Swiss names buying this morning that’s led a move up to 1.20299 on the EBS. The rally’s so far stalled just ahead of buy stops reported at 1.2035.
Another ‘exciting ’ observation in this pairing is the option expiry at 1.2025 which is reputedly for around Eur 200 mio…
The cross currently trades around 1.2025

Do the swiss names know something

#8,865
Aug 2, 2012 3:23am Aug 2, 2012 3:23am

alaneth
| Joined May 2012 | Status: Trader | 299 Posts

It's the Swiss buying ahead of ECB. Don't know how the option expiry will affect the pair, but I'm looking at what 'Super Mario' can do in 4hrs time to affect this pair...

But too bad, my buy limits at 1.2010-12 was not captured at all

Closed some positions below 1.2020 and left with nothing much to play now unless SNB takes this opportunity to unload their EURs fast.

#8,866
Aug 2, 2012 3:27am Aug 2, 2012 3:27am

brinks
| Joined Oct 2011 | Status: Trader | 1,247 Posts

Quoting alaneth

Disliked

It's the Swiss buying ahead of ECB. Don't know how the option expiry will affect the pair, but I'm looking at what 'Super Mario' can do in 4hrs time to affect this pair...

But too bad, my buy limits at 1.2010-12 was not captured at all

Closed some positions below 1.2020 and left with nothing much to play now unless SNB takes this opportunity to unload their EURs fast.

Ignored

It hasnt broken 1.20300 yet so there is always a chance it will settle back into previous range

#8,867
Aug 2, 2012 3:29am Aug 2, 2012 3:29am

phil3526
| Joined Apr 2007 | Status: Trader | 89 Posts

Quoting alaneth

Disliked

It's the Swiss buying ahead of ECB. Don't know how the option expiry will affect the pair, but I'm looking at what 'Super Mario' can do in 4hrs time to affect this pair...

But too bad, my buy limits at 1.2010-12 was not captured at all

Closed some positions below 1.2020 and left with nothing much to play now unless SNB takes this opportunity to unload their EURs fast.

Ignored

Same here, none of my buy limits at 1.20115 were executed either. Hopefully the pair heads back down after the ECB rate decision in a few hours time.

If you look at the previous few months, the EURCHF has made a habit of moving upwards rather quickly, then moving back down to the 1.2011 mark. I guess we will see what happens then....

#8,868
Aug 2, 2012 3:33am Aug 2, 2012 3:33am

brinks
| Joined Oct 2011 | Status: Trader | 1,247 Posts

Anyone with more knowledge than me know what this means i got it from a comment on forex live so cant confirm it

I just heard from a reliable source that there is a huge 2 month 1.2250 call driving the buying,.A German name is rumoured to be behind it.

Does it mean the german buyer sees it at 1.2250 in 2 months

#8,869
Aug 2, 2012 7:46am Aug 2, 2012 7:46am

alaneth
| Joined May 2012 | Status: Trader | 299 Posts

Draghi is speaking now...

EURCHF chart is getting crazy, really crazy now...... 10pips up, down, up, down....

Responding to EURUSD +-+-+-+100pips

I don't know what to do.

Just wait & see.

#8,870
Edited 8:38am Aug 2, 2012 7:52am | Edited 8:38am

brinks
| Joined Oct 2011 | Status: Trader | 1,247 Posts

Quoting alaneth

Disliked

Draghi is speaking now...

EURCHF chart is getting crazy, really crazy now...... 10pips up, down, up, down....

Responding to EURUSD +-+-+-+100pips

I don't know what to do.

Just wait & see.

Ignored

Draghi hasnt done enough

SNB back to defending?

shame it was looking quite good

#8,871
Aug 2, 2012 8:50am Aug 2, 2012 8:50am

phil3526
| Joined Apr 2007 | Status: Trader | 89 Posts

Looks like I will get a chance to reload at 1.2010 soon. Although that was quite a decent rally for the EURCHF.

#8,872
Aug 2, 2012 8:54am Aug 2, 2012 8:54am

brinks
| Joined Oct 2011 | Status: Trader | 1,247 Posts

Quoting phil3526

Disliked

Looks like I will get a chance to reload at 1.2010 soon. Although that was quite a decent rally for the EURCHF.

Ignored

yes i agree if draghi had stepped up it may have got through 1.20300.

new mr franc needs to announce a press conference out of the blue to introduce himself

#8,873
Aug 2, 2012 9:13am Aug 2, 2012 9:13am

holmes
| Joined Jun 2010 | Status: Trader | 635 Posts

Draghi: it is pointless to short the Euro, and it's pointless to bet against the Euro. But will the market and more importantly the SNB believe it or they might look at it as a crap?

#8,874
Aug 2, 2012 10:28am Aug 2, 2012 10:28am

alaneth
| Joined May 2012 | Status: Trader | 299 Posts

This 1.20300 'resistance' and the rumoured breakthru will see an upside....

How confident are you guys that this will happen?

I'm not sure, but I see SNB officials smiling while unloading their EURs if it happens.

#8,875
Aug 2, 2012 10:33am Aug 2, 2012 10:33am

forexchecker
| Commercial User | Joined Jul 2012 | 33 Posts

And we have got nice pull back straight to 1.2010 it can last forever

#8,876
Aug 2, 2012 10:33am Aug 2, 2012 10:33am

brinks
| Joined Oct 2011 | Status: Trader | 1,247 Posts

Quoting alaneth

Disliked

This 1.20300 'resistance' and the rumoured breakthru will see an upside....

How confident are you guys that this will happen?

I'm not sure, but I see SNB officials smiling while unloading their EURs if it happens.

Ignored

I would like a break of 1.20750 But if it breaks 1.20300 it opens up that level

and yes I'm sure the SNB are selling

Not confident that any of the above levels will break and I think we will now go back into the old 3-4 pip range

Only my opinion though

#8,877
Aug 2, 2012 2:31pm Aug 2, 2012 2:31pm