EUR/CHF Is Spoiling Us - Forex News by FX Leaders

EUR/CHF Is Spoiling Us

Posted Thursday, February 9, 2017 by
Skerdian Meta • 1 min read

Another pop today in the forex world, this time in the crosses. You guessed it; it´s EUR/CHF. The 1.07 support level has gone but the milk cow remains.

We took a hit when that level was broken, but have got a few more playing the bottom side of it. Sometimes a forex trader might avoid getting caught on the wrong side when such a massive support level finally gives way, but it´s quite difficult if you want to keep trading and try to take advantage from every attempt.

Anyway, we have pocketed a few short term signals in this forex pair since the break of 1.07. We´ve been buying around 1.0635-40, which has now turned into support and selling near the previous support, which has now turned into resistance.

1.07, here we come again. 

Yesterday we opened a buy forex signal down there and it hit TP just a while ago. Actually, this looks like an SNB intervention move.

We don´t care where it came from, though, as long as we get our pips. Now we´re approaching that support-turned-resistance level again so I´m watching it closely. Well, you guys will get the signal alert when the price is right.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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