USDCHF

Quote from Martinghoul:

It's an intervention that happened. BIS on behalf of the SNB in EURCHF spot.
forgive me, can you explain this a little more in basic terms...thanks
 
From fxstreet.com

The Swiss National Bank has finally decided to take action to try to avoid the current CHF strengtening. IN the last minutes, the USD/CHF has jumped almost 200 pips from 1.0433 to 1.0615. EUR/CHF has rallied from 1.4140 to 1.4410
 
Quote from Masterchanger:

From fxstreet.com

The Swiss National Bank has finally decided to take action to try to avoid the current CHF strengtening. IN the last minutes, the USD/CHF has jumped almost 200 pips from 1.0433 to 1.0615. EUR/CHF has rallied from 1.4140 to 1.4410
do you think the gap will be retraced and filled in hours?
 
Quote from increasenow:

do you think the gap will be retraced and filled in hours?
I think if the overall fx complex was in an uptrend I would say definitely. Here, it's a coin toss but should at least get partial retrace.
 
I have honestly never seen the USD/CHF go lower than 1.04000 so far and I almost exclusively trade in it for now though I've only recently started trading. I'm looking at it now and it is beginning to shoot up again, don't be fooled by the short term drops.
 
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