CHF 'No longer a safe haven'

It'ss hitting all time highs VS the Euro....

Time to sell?

 

I was wrong, you better ask someone else

 

I always enjoy your writings Daal and I respect your insights greatly.


I was just curious on peoples toughts about CHF where it is in relation to other major currencies today.

 

I went long a decent amount of EUR/CHF. It's at the ALL time lows, with a daily RSI of FOUR (4). Given that, I think it's a good risk/reward. Thomson wrote today "Calling EUR/CHF oversold is like calling the south pole "a cool place"."

 

Still using the Oanda news feed?

 

It's all about the soft line in the sand drawn by the SNB... I thought it would come at 1.44, but it was not meant to be.

 

Me too. If it falls below 1.40 I'll add more longs. This is a long term play, maybe until next year.

BTW weren't you trying to convert USD into CHF recently? Is this long play a kind of hedge for that move?

 

Is the SNB defending the 1.40 level against the Euro?

Give it up you guys.