If it doesnt fall after Draghi then its got to go up

EUR/CHF

I agree with you completely thanks Nice to have someone close to the action giving there perspective

EUR/CHF

That could be a long time though swissie. I think maybe now we are seeing it start to base. A while back with news like yesterday (portugal,cyprus,greece and egypt) the eur/chf would of tanked but it held up well. Maybe im just clutching at straws ...

EUR/CHF

That said I still don't think they will do anything

EUR/CHF

Unless like Simon73 said they are getting worried about the amount of reserves they are holding and want the franc a lot weaker so they can offload a lot they bought at 1.20

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yes we will see i doubt they will do anything.

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Ok thanks i dont see how they are going to use the reserves they have to weaken the chf

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I'm the same as jaime on that one there has been so many rumours why after 2 years and with price comfortably away from 1.20 why would they do anything?

EUR/CHF

yes i agree i will be adding all the way down after all this noise is done should move up again. I will be watching the daily 200 EMA now roughly 1.22400 it has held price recently on every test. I think the eur/chf is holding up well considering ...

EUR/CHF

I was just about to say considering everything thats going on its holding up well big fall on the cards today

EUR/CHF

yep they won't have a substantially weaker Swiss franc against the euro unless they do more and hoping it continues to weaken over the next few quarters with all that's going on at the moment won't work unless they do more.

EUR/CHF

Hi holmes i would of added on a close above 1.23630 but it doesnt look like it is going to today. Portugal could be adding the pressure to eur/chf. And the close today doesnt look very good.

EUR/CHF

Could that be rally over? It has stopped right at 38.2 fib of the down move from 1.26491

EUR/CHF

i hate the way it pushes up then gets sold off straight away leaving nasty wicks on the candles like now

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Its looking bullish but as you say a key area here wait and see

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Thanks simon i usually use the 200,55 and 34 daily EMA it certainly is trying to break this area so we will see i find it very hard to sit and watch this pair

EUR/CHF

This 1.23630 area is strong need a good decisive break up for a continuing move

EUR/CHF

It could be a trap but im bullish and long from lower levels . The break of 1.23630 has got to be a bullish sign even if it hasnt closed above.

EUR/CHF

Hi Holmes lets hope so i hate the way the pair moves

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Is it going to be able to close above 1.23630 though

EUR/CHF