EURCHF - Quite a safe buy now

FX:EURCHF   Euro / Swiss Franc
74 0 2
Since Swiss vote no for the Gold             referendum, there won't be pressure on SNB, so they can keep and protect their floor at 1,2000.
From now it is a very low risk bet to go long with a clear stop. One good advise: do not place your stops below the 1,2000 floor, but rather at 1,2005 if offered. You know the devil never sleeps, and in case by some reason the peg is released this pair will have no bid at all, and you can end up in a pretty ugly stop execution. Anyway, even if once SNB decides abandon its floor, I doubt they would do it in one sudden move and/or without a pre-notice, but this is an assumption, and you can never base your risk management only on assumptions.

Daily: Bullish DMI cross, bullish MACD and Slow Stoch too. We may get a weak bullish Tenkan/Kijun cross and a weak bullish Chikou Span cross soon as well. Upper resistances are: 1,2054 (horizontal key) and 1,2075 ( trendline and Senkou B). It worths to watch these levels, especially if by some magic reason Mr. Draghi disappoints mkts this Thursday, with not delivering an immediate full sovereign QE . That would trigger EUR short covering on all crosses before year end.

4 Hrs: All indicators turned bullish . I bought some after Price turned up again from Kijun Sen. I am looking to add to longs on dips.

p.s.: As I had 1,2000 Put option redemptions yesterday, I sold again some 1M 1,20 puts too.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out