Can't go wrong buying EUR/CHF at current level

FX:EURCHF   Euro / Swiss Franc
Remember the Swiss National bank is committed to defending the currency at 1.20 with "determination".

It may possible they are actively intervening at this point.

1.20 is the floor so buying now offer a great risk/reward opportunity. Unlikely to come again for a while.

On the technical side, each lower platau of the 20 day MA is met with a higher and price spike afterwards.

The probability of profiting is such a shoe-in that your broker does not want you to buy in. That's why the overnight premium is unfairly high and the spread is high too.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.