Hi Traders
SNB finally gives away the idea to protect the floor of Eur/chf and the most important step they took by cutting libor rate and that certainly will effect the currency market globally because Swiss Franc is the safe heaven for over 5-6 years since the 2008 default.
Now the point here is what we should expect further and I have an idea of most exotic moves to follow in franc crosses and Franc surely will be the most sold currency across the globe after Japanese yen in the months and years to come because no body would like to keep the money in swiss banks . Its just the idea how I approach my trading but the most important factor is technical analysis.
Chart of all the Chf pairs will be posted with the most probable scenarios and I would be waiting for the weekly candles to wind up and see how market behaves as I have already seen demand in usd/chf and gbp/chf prior to swiss bank intervention 2 years ago.
Stay well and keep watching the blog for more updates as I would involve more in currency market since last a year or two because currency market start become more and more volatile and If you remain discipline and patient in the past few years then 2015 would surely be the year to watch for.
Video before swiss Franc Appreciation
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