Banker928
Long

EURCHF - Long

FX:EURCHF   Euro / Swiss Franc
70 views
3
70 0
the Swiss national bank imposes a strict floor on this pair at 1.2000. There is no reason to reasonably expect this floor to be broken, therefore the risk behind this trade is minimal. The lowest this pair has ever been since this floor has been established 3 years ago is 1.1985 so I will place my SL slightly below this at 1.1981. Target will be 1.2050.

There is a referendum on whether or not the SNB should be restricted (this could influence its ability to enforce the 1.20 floor) that will be voted on the 30th. I would not expect this to be passed, therefore I would expect the pair to appreciate following the voting results.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out