SNB Quarterly report Written by Pete Jackson June 22, 2012 at 07:36 GMT Will defend Franc cap with “upmost deterrmination” Ready to buy currency at unlimited quantities Franc remains “high” at current levels Won’t tolerate further franc appreciation ...

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I wouldnt call this thread alive either

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Maybe the pressure has resumed

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Are they really,It seems to me like less pressure on it at the moment. Although less pressure doesnt mean any up move

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Also this is a problem because they have a 0% interest rate to try and weaken the franc.

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Haven't you got enough margin to trade other pairs also? I assumed you had that's why I said just set your profit and leave it. If your not able to trade other pairs I would definately be closing them.

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Just set your take profit at 1.20300 and leave it.

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Spike of how big ? we are barely getting a 5 pip range

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I felt yesterday that the downward pressure was easing and was expecting another little leg up today. but nope its straight back in the range It does look like the buyers are trying to push it up

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That would be nice

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I thought we may be on for a little up move but it looks like it is going back into its range

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[quote=tim10167;5779372]But arent we waiting for the Q1 industrial production data?, They are already very old datas. Therefore, it is not going to be the main factor for SNB to consider.[/quot Ok so not that important then.

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Thanks i'm not a fundamental trader so i just look at the headline number sadly you cant look at this pair technically anymore

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Industrial production next will see what that brings.

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Trade balance better than expected

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your right it is a dead pair for now

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Tomorrows data is going to be interesting

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It keeps creeping lower and lower i wonder when the SNB will of had enough.

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I think he means he hasnt got the margin for a larger stop

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Talking of balls yours must be made of steel

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