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Tough Luck!

It's had to trade on a day like this.
SNB's recent actions are still sending vicious ripples throughout the FOREX markets. Speculations as to the size of Euro-zone QE to be announced are popping in news and analysts offer very different scenarios what actually might happen on Thursday and after.
I fill like most majors are directionless today and it's hard to make sense where market is going. I lost quite a bit of money today, but hey - you can't always win.
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piter44 avatar
piter44 20 Jan.

From my observations I see that sterling is gaining acrosss the board. Looking for long ;-)

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JonSnow 21 Jan.

I see it revisiting 1.5050 level first - most likely around tomorrow's BoE event.

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USD\CHF Slowly Stabilizing

The pair is slowly entering the stabilization phase in a 150 pip range and has been building a base just below 0.87 this morning. I expect it to reach at least 0.90 in the next 48 hours, however, a sudden drop of 100 or more pips is not ruled out.
SNB's decision last week caused a large "earthquake" in financial markets all over the globe and we can still expect some smaller magnitude "aftershocks" before Swiss franc is fully stabilized. It is still extremely overvalued at the moment.
Great op
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