News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Euro Likely to Ignore SNB and Test SFr1.20

Euro Likely to Ignore SNB and Test SFr1.20

David Rodriguez, Head of Product
Euro Likely to Ignore SNB and Test SFr1.20

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

EURCHFRetail traders remain near their most long the Euro versus the Swiss Franc on record, and such incredibly one-sided positions warn that the EURCHF may continue onto test key SFr1.2000 lows.

Trade Implications – EURCHF:A nearly-unbelievable 97 percent of open positions are currently long the EURCHF, and such one-sided positions give us a steady contrarian signal that the pair may continue lower. Today’s Swiss National Bank decision made clear that officials would not hesitate to defend the key 1.2000 mark, and it seems like markets remain poised to test the SNB’s resolve.

See next currency section:EURUSD - Euro at Major Inflection Point

--- Written by David Rodriguez, Quantitative Strategist for

Euro Likely to Ignore SNB and Test SFr1.20

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at

Facebook at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.