I bought EUR/CHF shortly after the 1.20 peg was introduced and have held it ever since. My only regret has not been trading the range more aggressively.
At this point everyone has an opinion of the SNB so I won’t try to convince the bears. Personally, I see no signs of a lack of SNB commitment, the public supports the peg and the government supports the peg.
With EUR/CHF at 1.215, we are near the bottom of the range so it’s a great time to get long. The downside is a stop at 1.20 and the upside could be 1.30 or higher. An alternative is long USD/CHF, which mitigates some of the black swan risk in Europe.
#2: a) buyEUR/CHF at 1.2157 and hold on b) buy USD/CHF at 0.9375 and hold on until 1.12/1.15.
