This could be a very profitable trade.
The way I see it is that the price is oversold, dropping to fundamental support.
Now, this is important, if the SNB anticipates larger QE by the ECB, they will drop the interest rate further into negative territory. This could be a huge event as the SNB believes the currency is already severely overvalued.
The SNB will hit the market like they did a year ago with this announcement. I recommend buy stops with stop losses below long term support.
The way I see it is that the price is oversold, dropping to fundamental support.
Now, this is important, if the SNB anticipates larger QE by the ECB, they will drop the interest rate further into negative territory. This could be a huge event as the SNB believes the currency is already severely overvalued.
The SNB will hit the market like they did a year ago with this announcement. I recommend buy stops with stop losses below long term support.
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.