This posting was sent out to our subscribers on 9 April 2013.
The 1.2000 floor in EURCHF was set in September 2011 when the SNB said it would buy the Euro using an unlimited supply of Swiss Francs, and the currency pledge was reiterated by the central bank in its March meeting.
Trading range for EURCHF in the past 2 month has been 1.2125 to 1.2385. Current price is near to the bottom of the trading range.
Buy EURCHF at 1.2197
Stop level at 1.1995
Target level at 1.2375
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BL, CEO of Tactical Trading Academy – For Your Profits, Your Success Is Our Success!
“Don’t ever let someone tell you, you can’t do something. Not even me. You got a dream, you got to protect it. People can’t do something themselves, they want to tell you you can’t do it. You want something, go get it. Period. All right?” – Chris Gardner, The Pursuit of Happyness