Beyonce, the SNB and a Eur-Swissy-Trade Part III

Well, the Beyonce-effect came two weeks too late for my trade (see original posting). But it came. When the EUR/CHF reached nearly 1.5000 level, (1.5005) the SNB intervened in the market last friday afternoon, sending the pair up to nearly 1.5150 in about 30 minutes. The intervention was apparently conducted to drive out speculative EUR/CHF shorts. I will continue to buy EUR/CHF in dips into the 1.5010-60 area and would look to take partial profits back toward the 1.5130 area and other part at 1.5250/5300 area (200-day sma is at 1.5279).