Friday, 5 February 2010

Just a thought

Eur/Chf  traders  seem  to  be tempting  fate pushing the pair towards the 1.4640/50 area where the SNB or BIS on their behalf, is expected to intervene...
Given where Usd/Chf currently sits above 1.0600, should the SNB come in, maybe this time the Eur/Usd may get a lift... Should we get near at 1.4650/40 area Eur/Chf, I´ll place a Stop entry about 20 points above looking to grab 20 or 30 points should we see an intervention bout.

Cheeky, maybe...  but  its  worked before.

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