Considering that there seems to be really heavy selling pressure and that gruesome trade balance figure. Yes, chances for huge push up is much more. I wonder if institutional traders are keeping large sized sells on this, cause clearly retail ...

EUR/CHF

Well the SNB has unlimited amount of swiss francs they can use. If they wanted to, they could push this to 10 tomorrow. But at an expense of possibly being cutoff from trade, significantly reduced liquidity in their currency, having to tighten ...

EUR/CHF

I think they were trying to make their line in sand. They're basically saying... "either you're with the SNB or not". We could see a very massive intervention soon.

EUR/CHF

Kinda waiting to see how Tokyo goes. Cause SNB never intervenes during Tokyo, or hasn't so far. And the big boys there know it.

EUR/CHF

yea dude, i didn't see this happening. @_@. i thought for sure this thing would be back up to 1.50+(when it broke below 1.50). but now look where we are... oh well.

EUR/CHF

yea, i got about 50 pips out of it. i was amazed i was able to get an execution. @_@ considering the kinda stuff that went down today on euro-yen, aussie-dollar, euro-swiss stayed up pretty well. definitely some players are afraid to short this.

EUR/CHF

SNB has their guns ready I'm sure. Good to see Swiss trade balance is crap, less demand for CHF and more of a reason for them to weaken CHF.

EUR/CHF

Safe haven bids on CHF today. That plus a little bit pain threshold testing. Expecting another intervention soon. Not till we test the last low though.

EUR/CHF

Yea, I'm not expecting any major interventions to bring this up to 1.50+ area. but it's good to see this thing has finally found a floor.

EUR/CHF

Swiss banks own significant foreign assets. When they are deleveraging, they are selling off foreign assets and bring the funds back to Switzerland and in the process they end up buying CHF.

EUR/CHF

Yea, deffo I saw some massive sell orders pushed through near the top. No idea how much they'd want to deleverage. That's kind of a mystery. @_@.

EUR/CHF

I doubt we'll see a 300+ pips intervention. People were really caught off guard back then. But it's somewhat relieving we know where the SNB painthreshold is and how the swiss plan the game. I remember reading through the Swiss FinMin comments and ...

EUR/CHF

Yea, would have to get a daily close above 1.4750. Oh well, I'm shorting a little from these levels for retest of lows.

EUR/CHF

On the Greek bailout EU and Swiss coordinating? Doubt it. Greek bailout should give some EUR support though. I'm getting the feeling market wants to test pain threshold of SNB more.

EUR/CHF

Considering what the Swiss Finance Minister said yesterday... Anyone thinkin this was a trap?

EUR/CHF

From experience, generally the CHF sell offs last about half an hour, we're not done yet.

EUR/CHF

SNB INTERVENTION. Now we know where the pain threshold is.

EUR/CHF

unless you are at the top and shorting? eh em, no overleveraging AT ALL, and don't EVER try to call tops.

EURUSD

Lowest it'll go, 1.45 IMHO. However, if we face a massive terrorist attack, or war, this could easily break below 1.4. (okay, I just felt like saying this)

EUR/CHF

stops+thin trade

EURUSD