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EUR/CHF: trade worth considering

By   || March 21, 2010 at 21:08 GMT
|| 3 comments || Add comment

The spike low in November 2008 after the Lehman closure was 1.4300. The subsequent rally went to 1.5800 and now this traditionally very stable pair has retraced this entire rally back to 1.4300, almost. If 1.4300 is re-tested and an hourly base forms, the risk/reward in entering a long position with a fairly tight stop-loss will look very enticing.

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3 Responses to “EUR/CHF: trade worth considering”

  1. dafx on March 21st, 2010 21:36 GMT

    agree but have in mind the comments about the end of CHF intervention letting the CHF at market defined levels… so it is risky right now…

  2. FxZ on March 21st, 2010 21:37 GMT

    SNB shouldn t hike the rate soon ?

  3. Sean Lee on March 21st, 2010 22:03 GMT

    Certainly very risky dafx, fighting a very strong downtrend so keep stops tight if attempting

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