Trade of the day: EUR/CHF

The Euro is likely to have touched the bottom last week and should now start a steady come back to values closer to 1.32.
The fall in long term rates on countries like Ireland, Portgual, Greece and Spain shows that investors regained confidence in the Euro Zone. This optimism is likely to continue until the meeting of European Finance minister on the 4th of February.



The trade of the day:

EUR/CHF will not touch 1.275 between now and the 28/01/11 (7 days). This trade offers a return of 20%.
This is valid for today only as I predict that it won't be available on Monday if the Euro keeps on rising.