EUR/CHF

Interesting for which direction?

Thanks Bluedolphin like you say i think its going to 1.30 with some spikes down inbetween like now.

any direction (waiting patiently to reload) however honestly I wasn't expecting this outcome, I was right - its really interesting

Summer markets pipxster

hmm yes, any idea when the summer markets madness ends ? (aug 26.th. / sept 2 nd. / sept 9.th or ...)

longer it stays above 1.237 the more bullish the pressure when shorts finally let go I was completely wrong about this pair I am long with stop at 1.234 TP 1.255 lets see how it goes

I think after september the 2nd should be getting back to normal.

Wow, you guys on this thread like to get into detail. With a monthly double inside bar on this pair that shows patience. I'm long at the moment but very aware that a jolt one way or the other could cascade this pair. I don't believe the SNB could stop this going below 1.2 if fundamental forces drove it hard, but they would ruin it for traders by trying to stop it.

Its still in a 1.22-1.24 range as far as im concerned.

Crazy price action at the moment.

That'll be rally over then,a chance to reload around 1.22500-1.23000

Anyne got any ideas i tend to agree with a post simon73 put up that we will range until september time then a push to higher levels before december.

So i will be going long on dips hopefully for that to play out.

Still holding above a simple 20 MA on D1. Couple of touches above simple 20 MA on H4.

Alright, here's my 2 cents on what I expect to happen: Range trading between 2275 and 2425 until September. The ECB won't change rates on 5th but will be more upbeat at the press conference concerning economic outlook (EZ recession is officially over), so the EUR should gain against the CHF. But the Fed's tapering decision will be looming so no excessive gains in early September. Then the Fed may or may not start tapering in September but will make fairly clear that it will do so the latest from October (because they promised to STOP QE3 by mid 2014 and Bernanke simply cannot force his successor to start office with a decision on tapering). The Fed will also do everything it can to make everyone believe it tapers because of economic recovery in the US rather than the excessive financial risk caused by QE3, which may leave some investors doubtful but will convince most of the market that all is well enough to continue "risk on". So the latest by that time, USD should strengthen against the CHF. The next day the SNB will confirm their policy "as is". But German elections are still looming, so not much reaction in the exchange rate until either Merkel or the opposition wins, when finally everyone will realize that it really doesn't matter as long as the Anti-Europeans remain marginalized, because all of the big parties or coalitions will continue to support the EZ-rescue policy anyway. At that point, the EUR/CHF is likely to make a significant jump (1.28 / 1.30???), unless or until Berlusconi looses his seat in the Senate the following week, which will throw everyone back into the panic mode for a couple of days, until everyone realizes that, despite all the bungabunga politics and clowns getting elected, Italy will survive somehow anyhow (too big to fail), which should then clear the way for a steady uptrend in EUR/CHF. Of course, I also expect an occasional panic intermezzo from Cyprus, Greece etc, but by the end of 2013 all of this will probably have lost most of its steam and threat potential. So there are good chances in my view that 2014 will (finally) be the BIG year of our longterm longs. Good luck!

Time to add some longs

Thanks bluedolphin and Holmes.

I get the feeling we may push lower to stop out some weak longs

Feeling? u must be kidding.

Nope not kidding Holmes

Just took a long with bigger as we move lower

u might be right, this momentum might take it to 1.2230

Hopefully

it will be a better place to add long

I do hope, the lower it gets, the more longs I will add, u know this is a very safe trade as far as you just go longs.

I agree Holmes

I'm not as bullish as you 1.30 or 50% fib of the big move down around 1.34 would do me nicely