Walk Through Walls Pokemon Silver

EUR / CHF: The market vacillates between 1.3150 and 1.3200

markets have experienced a great first meeting in December, appearing to confirm that the last months of the year is, or at least one of the best trading month. The euro has largely taken while participants placed great hopes in the decisions taken by the ECB to be announced this afternoon (the hopes that the ECB are directly supporting poor students in the area by allowing them to issue debt at rates correct).

At the same time, everything goes well in the sunny Swiss Alps. GDP grew more than expected, despite a decrease of 3.2% in exports caused in part by the higher Swiss franc in recent months. Swiss consumer still seems very dynamic situation while on the job market improves. In November alone, the euro depreciated by 5% against the Swiss franc, and reversal of yesterday is far from catching this movement.

EUR / CHF (2 December 2010)

It is therefore clear that the Swiss Franc has everything to please, but today it is more the euro than the Franc. Much will depend on the ECB and Trichet our country.

Graphically, the pair moving in a range extending from 1.3150 to 1.3200 francs. 1.3200 seem to stop the bulls, so that this level is for me the major intraday resistance.

And conversely, each return on 1.3150 causes the rebound.

Thus, as the situation continues, it is possible to "play" the range, it''s to say buying the bounces on the occurrent 1.3150, and sell them back to the level of 1.3190- CHF 1.3200.

Exceeding these two major levels should be able to open the way for a larger movement, it will mean that the timing is good, ideally after the ECB.

Here's what I look for exceeding levels previously indicated:

- Break of 1.3150 support : a test of 1.3100 during the meeting would be likely, with possible further decline to 1.3070 francs.
- Exceeding 1.3200 (requires that the ECB respond to market expectations): a long position should be able to reach CHF 1.3250-1.3260. I do not allow myself to aim higher in current conditions.


Good trades and good day, sunny I hope.

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