maccabean

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

Long
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.

Comments

I'm sorry to all those who may have taken a position based on this analysis. I had no idea that the SNB would screw the entire retail market over.
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attractiveness of the #CHF in the context of
the #EU crisis and the risk of further easing by the
#ECB will be downside pressure in #EURCHF
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