The EUR/CHF found support at 1.2030, above the 1.20 floor that the SNB had pledged to support back in September 2011. Last week, the pair climbed above a declining channel in the 1H chart, but there was a throwback after testing the 200 hour SMA. Since then, the market has continued to anchor away…
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EUR/CHF Anchoring Away from the 1.20 Floor in Expansion Pattern
EUR/CHF Weekly Outlook
EUR/CHF edged further lower to 1.2031 last week but again, it continued to lose downside momentum ahead of SNB’s 1.2 floor. There is no clear sign of bottoming and rebound yet. The cross could spiral lower again. But after all, we’d maintain that SNB should remain determined to defend the
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EUR/CHF: 20b+ in stop-loss sell orders between 1.1980/99
If youre long EUR/CHF, it might be worth considering a square-up before the weekend just in case those stops get smashed on Monday morning. Im sure youll be able to get back in at similar levels on Monday morning?
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EUR/CHF Breaks Above Channel with SNB Intervention Watch On
The EUR/CHF market is on its way to the first re-test of the 1.20 floor. This is the level the Swiss National Bank has pledged to defend. The EUR/CHF has been persistently bearish since falling from the 2012 high near 1.2470 and since Jan. 25th has been trading in a declining channel seen in the…
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EUR/CHF retail trader positioning; 24:1 long to short ratio!
Thanks to Alok for this startling piece of information from the retail trading world. Sounds to me like a very big accident waiting to happen.
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EUR/CHF Weekly Outlook
EUR/CHF continued to spiral lower last week with very weak momentum. Further fall is still mildly in favor. But after all, we’d maintain that SNB should remain determined to defend the 1.2 floor in the cross. Hence, any downside should be contained there. And, EUR/CHF is indeed in a "buy
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EUR/CHF Weekly Outlook
EUR/CHF stabilized above 1.2061 temporary low last week and turned sideway. More consolidation might be seen this week but risk of another fall remains as long as 1.2198 resistance holds. However, even in case of another fall, we’d maintain that SNB should remain determined to defend the 1.2 floor in
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SNB Jordan: No Alternative To A Min EURCHF Exchange Rate
SNB Jordan: There Is No Alternative To A Minimum CHF Vs Eur Exchange Rate
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