Banks getting back on bearish EUR/CHF bandwagon

Author: Sean Lee | Category: News

I must say I personally prefer the hedge fund trader strategy of ripping an easy 200 pips out of it rather than trying to pick a direction.

Last week CitiTechs went short EUR/CHF just below 1.2300 and now another big US bank is recommending the short trade. They are looking for a minimum move to 1.16 with a possible move to 1.10. They both recommend having stops on the trade above 1.2500 and that’s a bit too far away for my liking.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose