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Thread: EUR/CHF

  1. #1
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    EUR/CHF

    It's been hovering around all time lows for the past few weeks; a good place to buy and hold in my opinion as the probability of the price rising to test one of the major resistance levels is likely in the long term.

    However, be sure to have a get out plan if price drops like a lead weight.

    Look at the chart attached, price is testing the daily resistance at 1.2725. The price could break through and continue up with 1.2725 becoming the new support level.

    However, on the other hand, price could be in a range between 1.2400 (all time low) and 1.2725.

    My own personal trade has been a short position at 1.2705 with a take profit of 1.2655, with a stop loss of 1.2770.

    We'll see how this one pans out; I've been burned by this pair in the past when the SNB back on March 12th 2009 pumped billions into the Euro to suppress the value of the Swiss Franc; Result, price shot up 500 pips in the day when the average true range was about 100 or less. So with that as a backdrop I prefer being long on this pair with the Swiss National Bank with itchy fingers.

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    Last edited by YES; 01-13-2011 at 10:50 AM.

  2. #2
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    This definitely had a lot of buying power behind it. Not the SNB, no no no, it was the Asian sovereignties!

    I wouldn't be surprised if the price did go back down to test the 1.2725 support level. It looks like it's turning into a possible up-trend now, from the long down trend.

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  3. #3
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    The Euro is literally on fire; hot hot hot. Spain sold 3 billion euros of 5-year bonds on Thursday at a yield of 4.54 percent.

    THREE billion being poured in by real money buyers. Don't stand in the way of this train.

    There could be another run for the euro in 13 minutes time as there is another auction and I'm sure there are a lot of fund managers who are under-hedged the euro who will be buyers of dips.


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    Interesting finds here - wouldn't want to be in the way of this one. Especially not the wrong side...


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    I the Chinese even got it wrong this time. They usually dominate ranging markets but don't seem to do too well on trending ones.

    Do the Chinese use a dollar cost averaging system by any chance?


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    It depends on what system you use!


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    EUR/CHF has retraced from its recent highs with a bigger fall yesterday with scares from Iranian and Israel confrontation. Price fell to a low of 1.2943 in the past 4 hours. I think a test of 1.30 is likely, therefore I've gone long with that take profit. Stop loss is below this 4 hour candle shadow at 1.2935.

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    Looks like the EUR/CHF could be heading down to test that 1.20 alleged options barrier.

    Markets can remain irrational longer than you can remain solvent.

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    Have a look at the graph below. A clear trend line on the 5 min chart. A break of this could see a retracement of 50% or even another test of 1.2000

    Keep your eyes on this trend line.

    On the other hand, if it holds, ecpect to see a test of the recent 1.2143 high.

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    Markets can remain irrational longer than you can remain solvent.

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    The EUR/CHF just smashed it's face into the 20 sma and bounced off (on the hourly). Painful! Looks like it's ramping up for another go upwards; I don't mind, I'm long Miss Biased x


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