Weekly wrap up

I opened two longs positions this week and am holding both going into the weekend. The trend seems to be decidedly down, but the pair couldn't seem to break through the 1.5150 mark with any force. Towards the end of the day today there was a nice move up on what could have been some short covering in the EUR/USD. I think this shows that traders are still on edge about intervention from the SNB and don't want to be short when something happens. This fear could come into play over the next few weeks and give the EUR/CHF a reason to rally on any good news.