AUTOREFRESH 
EUR/CHF tripping higher, stops noted
By Gerry Davies || July 10, 2009 at 11:05 GMT
|| 3 comments || Add comment
EUR/CHF is making some decent headway this morning, presently at 1.5165 from an early 1.5125. The moves comes with SNB’s Roth having restated the SNB’s absolute determination to arrest swiss franc strength.
I’m hearing from a source that there are buy stops gathered up at 1.5180/85. Personally haven’t heard any reports of BIS involvement.
If the buy stops prove to be right DC might be better off keeping a few positions…hear that, DC?
yeah saw that. I will not close it until it gets back to BE at 5193 anyway so if it gets over that ill just stick an extremely tight stop on it at BE. seems to have dropped back down again so ill be stuck in it until next week now unless snb do something in the next couple of hours.
I think I know someone who will be rather pleased about current EUR/CHF levels… ; )