Banks getting back on bearish EUR/CHF bandwagon
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.