Price Looking a bit bearish on the 4hr 5/8 cross happening stochs overbought starting to roll down could just be weekend and NFP positioning but it tried 6 times to break 1.24 so maybe a bigger rejection?

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My opinion LM is its a strong close if it finishes around 1.24 today and I agree with the rest of your post regarding the bar down if it happens tomorrow. but will say we have been at this point before and it has been sold off again so we will see.

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spoke to soon pipxster

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Thanks pipxster and Holmes i took some off also LM i would wait for a break of 1.24330 maybe even 1.24500 for 1.26483. As you say NFP,Syria weekend when people wont want to hold longs over

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Hey pip yep I managed to get in when it showed a bit more momentum but not as heavy as I would of been Holmes you can see his comments on forexlive if you like

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Anyone else see it now pushing up against a daily triangle which if broken should mean a upmove of around 500 pips? obviously it needs to get through 1.243300 area as well first.

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ahh ok i was just saying if you were looking at the calander and saw those spikes and it was the same time as the SNB meeting that was probably the reason for the spike.

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do these spikes up every 4 months have anything to do with the SNB monetry meeting when the market was concerned the bank may put the floor up to 1.30? If so these spikes have become smaller since the market no longer expects a change from the SNB

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Its going to take a while at 20 pips a day willow

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Thanks LM and pipxster yep I have been in dollar yen also and am looking to buy on a trip back to the broken triangle. I will keep my eye on this pair if we get some sort of movement I may get involved again.

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How many times is it going to fail to break the 4 hour 200 ema. Very frustrating Thats it i cut my longs it was nice to trade this during the summer break but now its time for better pairs good luck all.

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I start buying low 1.23's and am prepared to buy more if it goes lower. Buying at the daily 200 ma has been good

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Hi Lover Man i personally buy dips and have been off loading around 1.24 if we were to close above 1.24330 then i would buy again but it always has a nasty habit of spiking up then being sold off so i prefer to buy dips rather than breaks up

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Its always a concern for me that this pair cannot go up. No matter what news comes out or how it looks technically it just never manages to go up

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@ pipxster i suppose your article above would benefit dollar swissie? I see Thomas Jordan has been on the wires again. Usual stuff about the cap

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Well you are right PhilouFX. I'm still not sure this means we will see eur/chf move up still a lot of uncertainty going on and German elections.

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Im the same pip and will add on the way down

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Bounces off the daily 200 have become weaker and weaker 500,250,150 to 70 pips and with a daily close down near it today is it gonna hold into the beginning of next week. Is it going to hold today? A weekly close below wouldnt be good. Nobody wants ...

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Gap down i think was meant

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I doubt there are to many people wanting to hold long eur/chf over this weekend especially with USA holiday on monday and maybe a US strike on syria

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