EURCHF is a different animal after the floor

[Shadow Trader]

Since the floor was removed, EURCHF has traded like a pair with a hidden hand behind it. Moves are small and slow most days, then abrupt.

The Swiss National Bank still intervenes when it wants to, and its presence shows up as quiet, persistent bids that stop declines in the Swiss franc's strength. A pair that refuses to fall despite risk-off news is often being supported.

For a scalper, that creates an odd landscape: tight ranges, wide spreads for the range size, and occasional sharp moves that don't follow normal technical logic. A breakout below a long-held level can fail repeatedly, because someone is buying every dip.

Spreads on the pair are typically wider than the quiet chart implies, and the occasional jump has a long memory in the stop orders of everyone who sold the last dip. Anyone treating it as a sleepy range should check how it behaved on the days when the range finally broke.

Is EURCHF worth scalping at all, or does the spread always make the tiny ranges a bad deal?