originally posted by Richard Cox. Click here for the full trading briefing
My Trading Recommendations in 50 Words
1. This week, the Swiss National Bank reaffirmed its commitment to maintaining the 1.20 price floor in the value of the Swiss Franc relative to the Euro, and while I am bullish on the Euro, I expect EUR/CHF
declines to be limited. Use drops into 1.2080 as a solid entry for 1 week CALL options.
is coming into some important technical levels and any bounce from 33.40 is encouraging. Use current levels as a base for 1 day CALL options, but the bias will reverse on a 4-hour close below 33.40, opening the way for PUT options later.