Weekly wrap-up

I'm holding 2.5 long positions going into this week. Last week saw only 1/2 of a position closed for profit, which puts me down for the week when you count the roll paid to my broker for holding the positions open overnight for so long. The EURCHF has been on a steady move down since the intervention a couple weeks back. The plan hasn't changed, "Buy the dips and sell the rips."

There are a couple of macro items on the Swiss agenda for the week: ppi and retail sales. However, neither of these will have much of an immediate impact on the pair. It is a good idea to keep track of these because when the SNB sees that their export economy is starting to get back into form they could start to pull back on their goal of devaluing the Franc.