SNB is currently under pressure with the current attack of the 1.20 floor on EUR/CHF. Not maintaining this floor would represent a serious credibility risk for the Swiss central bank. According to recent comments from Danthine and Jordan they will do everything to maintain the floor even using "unconventional measures" (like negative interest rate or ultimately printing money).
Playing on EUR/CHF is now highly speculative and risky. One alternative to play an SNB intervention would be to go on a proxy pair, GBP/CHF looks relatively ideal.
Fundamentals:
SNB highly probable intervention, BoE about to hike the rates in 2015
Technicals:
Current bullish trend, price testing a strong support zone and the 200 periods EMA, the stochastic oscillator comes in confirmation too showing a limited downside potential. We have two possible entries materialized by supports lines 1.5110 and below 1.4973.
Trade setup:
Aggressive entry long limit @ 1.5110
Alternative entry long limit @ 1.4975
SL@ 1.4900
TP@ 1.58
Playing on EUR/CHF is now highly speculative and risky. One alternative to play an SNB intervention would be to go on a proxy pair, GBP/CHF looks relatively ideal.
Fundamentals:
SNB highly probable intervention, BoE about to hike the rates in 2015
Technicals:
Current bullish trend, price testing a strong support zone and the 200 periods EMA, the stochastic oscillator comes in confirmation too showing a limited downside potential. We have two possible entries materialized by supports lines 1.5110 and below 1.4973.
Trade setup:
Aggressive entry long limit @ 1.5110
Alternative entry long limit @ 1.4975
SL@ 1.4900
TP@ 1.58
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.