BNP paribas recommends going long euro swissie targert 1.25 in the next 3 months.

EUR/CHF

were are you expecting this to go? my only concern is if this is peg raise rumour driven and nothing happens then we fall back to 1.20 quickly

EUR/CHF

rumours of a peg raise to 1.22 i dont see it myself cant see raising that much would help. although its been up to 1.21500 so nearly there already.

EUR/CHF

KOF institute says SNB’s franc ceiling was ‘right, important step’ Written by Gerry Davies September 7, 2012 at 07:14 GMT Bloomberg headline. EUR/CHF has been as high as 1.2130, presently at 1.2102. Sources note infamous US invesmtent bank, large US ...

EUR/CHF

I agree i will wait for a pullback to this area and add a couple more for 1.21500

EUR/CHF

Big sellers here though

EUR/CHF

Phil i think a weekly close above 1.20750-80 area is quite a bullish sign. Thats if it does close over that level. And with the SNB meeting on thursday it could keep going for the start of next week.

EUR/CHF

Thanks for your opinion bluedolphin i kept some from 1.20100 and reloaded not as heavy at 1.20300. it looks like it is trying to break up so lets hope so

EUR/CHF

failing to break higher up against a strong area maybe a slow drift back down. Or is it just consolidating for the next leg up? what do others think?

EUR/CHF

I reloaded small at 1.20300 Looking for a break of 1.20750 not sure it will get through it

EUR/CHF

Yes but the SNB won't let it fall below 1.20 June and August they were spending billions everyday and it didn't break.

EUR/CHF

I know your a bear but why do you expect the floor to break

EUR/CHF

No but a complete collapse of the euro has been put off.Maybe a bit more short covering on this pair before next week. Is that it ? this daily candle isnt looking to good coming off a strong level at 1.20700

EUR/CHF

Haha you are a bears bear qatar? Big sellers up at that 1.20700 level also 200 day ma

EUR/CHF

I would prefer a weekly close above 1.20750 or is that being to greedy? Anyone else think that now the ECB has sorted there stuff out the SNB might raise the floor to 1.25?

EUR/CHF

It came from forexlive team. market contacts told the team there. so take it for what you will. I cant confirm it as true myself just posted it as interesting info

EUR/CHF

One positive for longs is as you said its still holding 1.20400

EUR/CHF

Probably a good plan i'm not going to

EUR/CHF

Its all up to Mario then he better not let us longs down. I'm guessing the market is not happy with mario. Back into range.

EUR/CHF

maybe a bit of position adjusting going on

EUR/CHF