G
Short

Back to normal

FX:EURCHF   Euro / Swiss Franc
49 3 4
-Interesting break down. The Euro             looks like it cached up with the natural downtrend.

-The Swiss government is focusing on helping areas affected by a strong Swiss franc             without any plans of interventions by the SNB for now until the Euro             stabilizes.
Very insightful about this catching-up by the price. Good job!
+1 Reply
G ForceFollower
Thank you very much! I just forgot to erase the circles I put for fun. What do you think of GBP/CHF? Looks like it might be a good short too.
Reply
GBPCHF? I agree. The rejection at the top is clear. The sloped support turned to resistance. I expect it to drop by as much as was the range of the channel up, and it has a potential to get to the key support at 1.4069 - prior major lows and a half way level of the sell-off-decline.

+1 Reply
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