Unless the SNB decides to take some action (e.g. increase the minimum rate) we have to expect this sideways trend to continue. So I think the easiest trade still is to go long at 1.20ish and short at 1.24-25.
Wednesday, March 21, 2012
EUR/CHF ~ Update ~ 21 March 2012
As written in my update of early September 2011 I expected the EUR/CHF to trade in a narrow range, similar to what happened in 2009. So far so good:
Unless the SNB decides to take some action (e.g. increase the minimum rate) we have to expect this sideways trend to continue. So I think the easiest trade still is to go long at 1.20ish and short at 1.24-25.
Unless the SNB decides to take some action (e.g. increase the minimum rate) we have to expect this sideways trend to continue. So I think the easiest trade still is to go long at 1.20ish and short at 1.24-25.
