EUR/CHF

Hello and welcome back...

No clue, what to do... still holding my longs, but it does not feel that good anymore... at least swaps rose recently. Staying long with stop at 1.1998.

Here we are... 3 pips higher... woohoo

Only 6 or 7 higher daily close in the last year(out of that 4 was in a row in sept)...unleashed?
With usdchf seems to be in demand zone...maybe oneway street...
A close tomorrow above 1215 could be 122ish or even 1247ish,
and not to forget the cpi data tomorrow. Veery interesting.

So the pair is alive again.. Will die soon or fly.. let's C..

No reason to cherr?

Any one long..

Todays close might tell, anyway still in l

Got a New HH after a HL...anyone here or shall I switch off the light when out ?

wanna be the last mohawk... still 4 long... :-D

me too ;-)

Its 16 minutes to close on weekly I assume no big moves, let me ask the bears here, seeing this PA and weekly close, what could be a strategy for a bear biased trader now. Qatar do you add shorts with SL over 1,223 now? Thanks in advance.

It's likely were gonna test higher before it goes down. A lot of stops will get triggered just above 1.22. maybe a consolidation at 2240/50 then 1.2470 in the next weeks.

im long with 8 lots, my oldest long had its 1st birthday
its tempting to step out but im just too scared to miss the ride to 1.25. oh well if it goes down ill just continue collecting the swap.

You are quite right, just sit on it.

And we've hit 1.22!

We broke it on H1

It did break it but can we really trust this early Sunday moves.

My concern at the moment is that SNB may try to start unwinding some of their reserves. They havent done it before on the upmoves otherwise their reserves would have gone down noticeably but im wondering what is their threshold, will they wait for price to be over 1.25 or start earlier and risk spooking the market. They have accumulated large reserves close to 1.2 so they are in profit now (at least on EURCHF). I guess one potential sign of their activity, if you believe guys at zerohedge, would be increased volatility and more importantly rapid moves to the downside in OATs and/or Bunds ( zerohedge believes they bought considerable amount of OATs and Bunds with euros they received form intervention)

I'm still holding my 9 month old long as well Planning to stay in the trades for now so lets see what's going to happen.

I still have minilots opened... but I'm waiting for the fall..
At least we'll have volatility I guess..

almost 1.23... Amazing, now we need everyone to start shouting buy buy buy all in and stuff like that for it to fall. |Hopefully it goes to 1.31/35 from here but im still worried about SNB starting to unwind

wft is happening here

yes! what is it with the franc all the sudden???

Do you think SNB wants to do similar to jpy?