Olu

CHF: Lucky Escape Today

FX:EURCHF   Euro / Swiss Franc
74 6 2
Comments on the chart
Congratulations! Me, I wasn't so lucky, I've lost going long USDCHF. Anyway, EURCHF is probably heading for the parity, don't you think? That's where I'd like to TP on my short position.
Reply
Olu ForceFollower
Sorry to hear about your loss. Hope it was not that bad. I have a gap on my chart and Saxobank (my broker) wrote to tell all its clients that their profits if any were not guaranteed! But possibly their losses were more that shown on the system! Very messy today. Losses are part of this business and hope your next trade will swell your account
+1 Reply
Thanks! I hope to recover soon. Good luck to you in your trading!
Reply
Olu ForceFollower
Parity is a possible target. But the gae might not be over. If the ECB really announces QE eurchf will strrengthen...
+1 Reply
Lucky indeed. If ECB announces QE the Euro would weaken. QE stimulates the market, not the currency.
Reply
Olu Lanmar
You have a point. My thoughts are that the SNB floor was 1.2000 but a higher value was allowed. I am still feeling very lucky though my broker's chart has a massive gap down
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