EUR/CHF

Thanks for the graphs. It's pretty impressive. What is totally crazy too is when you compare unemployement rates: Switzerland vs Eurozone.

The quite funny thing when you look at it, is that the SNB is somewhere doing some QE for the Eurozone: When they were buying EUR/CHF, they then bought France, Germany and other euro countries debt with these euros. Switzerland's problem is that they are a little bit alone to do things correctly and in today's "currency race to the bottom", they end up with an overvalued currency compared to the others.

I agree with you, scenario A) is quite unlikely in the near future, and unfortunately maybe later too...

You may even have a (catastrophic) scenario C): Eurozone continues on its trend and it get worse and worse. At one point, SNB decides to throw in the towel and takes a massive loss rather than to get dragged down with the Euro. They lift the floor and sell all Euros they have at market.Right now, it goes again "well", but when there will be fears again that the Euro and Eurozone explodes or such things ...

If it can reassure you, I'm in the same situation: Fundamentally bearish, but heavily long EUR/CHF because "it couldn't go down very far" I have to admit I made some money on EUR/CHF this past 2 years, even if it mainly was going down slowly.

Indeed the situation may be a bit like US and China where Chinese accumulated a large amount of USD bonds/ assets partly through a carefully controlled and artificially weaker currency vs USD. Result is China started to appreciate its currency succumbing to political pressure from US.

And really have to congraz you on your +ve pnl! I genuinely hope EC will somehow hit 1.2500 and put a smiling face on all of us LOL!!!

Talking about currencies like of hongkong saudi arabia and panama. No one trades it and even not accessible by brokers except for the HKD currency and USDHKD pair.

The pair peg example is the clearest how even an average Central Bank can protect it's peg level.
How when we are talking about a trusted big force central bank as the SNB.
Sleep relaxed, no peg removal, if it would happen the pair must be at 1.25 1.30 least
Even by then I bet EC will not even near 1.20 as now, simply because when conditions change there's no need to challenge anyone(SNB) so Buls and Bears will find themselves fighting each other fairly, bears may become Bulls at that moment, just look at UJ for an obvious example of what am saying

Despite USDHKD moving too much at the exact peg level for long time like months before going up, but it is actually well defended and have spike 150 pips from 2 days ago till now.

Unfortunately, USDHKD not worth to trade because of its low cost per pip and larger margin needed.

EC is a much better pair even in the days it moves 10 pips can earn more money than sitting on USDHKD long for months to then gain 150 pips that are actually 15 pips in EC and most other pairs cost per pip term.

The Swiss vs Euro Zone Chart is amazing and very funny how it's always improving in Swiss while going to the worse in the Euro Zone

Nothing to add for EC trading, continue scalping the hell out of it on current levels, trying to keep an open position aside for possible intervention or big spike up.

Very important week, ADP, ECB and NFP news coming..........

long this pair target round...

Was a good try to break out, but american hedge funds and banks will try everything to fight E/C down against SNB.
Funny to see that they shortet massive within the last 2 minutes of the 1hour outbreak-candle just to close as low as possible again and don't let a bullish candle to be created. It's a "financial war" between Switzerland and USA.

indeed... -10pips

Hi traders,
is anyone here in a trade.... short or long, or is this just a discussion about this pair ?

everyone here is long to the bones, and discussing it also

be cool if one could go SIDEWAYS

EC Bulls tie your belts well. SNB announced new range for trading EC. 1.20-1.2090

EC going today to 1.2045 at least. 1.2030 follows then back to 1.2000-10.

Not very weird movement when you remember that this is the month end.

Bears dragging it down to close at best around recent low 1.2045.
If tomorrow monthly candle opens below 1.2050 then prepare for 1.2000-10.
A close today above 1.2060 will give some breath for a possible return to 1.2090

Big War will go on in the remaining 3 and a half hour of this daily(also monthly) candle.

Interesting..............

thanks insider,

why long ????
sorry guys i will be relieving you of your money because my bias is short
to me the trend is down.. solidly....anyway just shorted this pair ... 1st probe.

here is my Weekly Chart...which way is it pointing ? have a look ...judge for yourself

Great buy here.

maybe they are pushing it down to put all those EC call options out of the money? burn retail along the way, and one thing for sure is that it is going to be a very long winter...

price retracing for a better short entry

Source ?

Been reading this thread and trading this pair for a very long time.

Its definitely a big buy from here as EC was good at V shaped rebounce.
However must put a stop loss at 1.20

The source is my Technical Chart Other than 1.2090, the top to expect in normal market movement(no intervention, negative rates..etc) is around 1.2115

On the downside, I believe around 1.2030 to absorb bears strength and bulls will pull EC back up.....
Other levels to look at in sideways market are 1.2050 and 1.2070.

Those who come here to give us their brilliant perspective while trading micro lots!!! Give us a break for God Sake
We are trading serious lots not playing against the SNB in shorts of micros!!!!
Anyone can short EC for that miserable small lot and live long before loosing $100 even if SNB intervened!!!

Play small elsewhere

Hi goessouth,
i like your moniker so stick to your handle and stay south/short.

anyway here is the latest Daily Chart of the EURCHF pair

Question::
...which trade direction has the highest probability of being in profit by the end of the day ?
...south or north ?

Attached Image

Jordan is an !d!0t who doesn't know when to start verbal intervention.
SNB must do something in real as market players keep pressuring on chf. That !d!0t could've avoid real intervention but I dunno why SNB still silent.
2050 breakout will be fatal loss for E/C

we are Stuck up with EURCHF heavy longs and Jordan is now keep silent this is not Good for us and Jordan Economy.i want Quick 150 pip move ,i am stuck in almost from a month.from 1.2085

Oh Jordan come with negative rates and breach Higher level