Dangerous days in Swiss franc trading
If you're trading EUR/CHF these days, it better be with a wide stop. A look at any shorter term chart shows the risks of air pockets.
On the 10-minute chart there are three 30-50 pip spikes.
The high in the latest spike took out opening highs but matched last week's high.
Part of the moves today are a reaction to Draghi, who spoke late on Friday (Swiss time).
Bloomberg today writes about how this summer has been less-eventful for the SNB than recent years.
The next SNB decision is September 14. Today's sight deposits data show virtually no change at CHF 579.8 billion.
