I don’t post much on EUR/CHF …
But, here’s one! As the headline to the post says it isn’t news though.
Just getting a fair bit of chatter back about the Swiss National Bank around on the bid circa 1.2050. I know, I know, that’s not new news … but its notable chat I’m hearing.
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Oh, I noticed in the comments a few people recommending using guaranteed stop losses if you are long EUR/CHF with a stop below the 1.2 level. Yeah, sounds like good advice, my only caution would be check the fine print in the broker agreement. It might be that my tin hat is a little tight today, but if 1.2 goes and the next bid is 1.0 or something like that a guaranteed stop might not be so guaranteed. I’m not saying it won’t be … but just don’t bet the farm on the assumption it will be …
Hatred welcome in the comments
