Today’s rally on the EUR/CHF currency pair brings to mind the Yogi Berra quote, It’s like déjà vu all over again. For the third time in about 6 weeks, the euro swissie soared as the swiss franc was sold on alleged SNB indirect currency intervention via the Bank for International Settlements. A profit of up to 230 pips awaited those traders who bought the pair at an easily-defined level of support, then kept their cool as the candles grew greener.

Comments are closed.