This eur/chf cross starts to make me feel kind of unhappy due to his lack af acitvity over the last few days (a more or less 100 pip range), but lets hope this week will finally happen the beyonce effect again like some weeks ago, when the SNB intervened. (The beyonce effect has its name from the amazing uplifting phenomen experienced in 99 % af all healthy male persons in the under regions of the body, copyright: my urologist and me)
I am in a eur/chf trade from 1.5080, SL under 1.500. As always i put stop to breakeven, when 30 pips are locked in. Take profit is about the 1.5250 region, where I would recommend to take money from the table though.
Trade recommendation: EUR/CHF buy 1.5080 ahead of SNB speakers this week (wednesday jordan und snb chairman roth), who are likely to talk about possible intervention again if chf strengthens more. Due to the economic interactions the SNB is more interested in the eur/chf pair than the uds/chf.
forex 1 by Hausderpuppen
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