Brian Twomey
Brian's Investment
EUR/CHF Bottom, 1.1003. Bottom targets 1.1031, 1.1011, 1.1003 Bottom.
Upper Targets 1.1060, 1.1107, 1.1134.
Range breaks above 1.1211, 1.1386, 1.1440. Range breaks below 1.0908, 1.0740. Then 1.0600's.
Wide ranges, that's EUR/CHF and the way it goes. EUR/CHF is like AUD/NZD, EUR/NZD and others, it never recovered from the 2008 crisis and at 50 pip days, it may never recover its normalization. EUR/CHF should be light years higher.
Big point breaks overall 1.1007 and 1.0973 below. Days ahead 1.0908 is next big point.
Above points, 1.1216, 1.1172, 1.1139, 1.1093, 1.1080, Then 1.1062 to 1.1066, Stay away from this area until breaks are seen. This is danger zone.
Below 1.0973, 1.0967, 1.0961, 1.0930, 1.0908, 1.0892, 1.0848.
Forward Traders today in EUR/CHF are trading 1.1310 as Forward Points are running at 0.0008, that means 1 year Forwards run 1.1318 and 1.1302. 6 Month Forward Points run 0.0017 so Forwards 6 months run 1.1327 to 1.1293. Then 3 month Forward Points run 0.0032 so 3 Months Forwards run 1.1342 and 1.1278.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
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