Sell 1 lot EUR/CHF and add to the position as the trade enters profit. EUR/CHF is unsustainable at this prices, due to:
- CHF will raise rates EUR will lower
- EUR officials are pressured to drop EURO, claiming fears of hurt export markets
- Nothing fundamentally better in Europe than Switzerland
- Europe more prone to instability, more event risk in Eurozone vs. Suissezone
This trade is a long-term trade, use tight stops and re-enter if risk cannot be afforded. Otherwise just hold onto your shorts.
