Eurchf is below 1.9!!!

So is anyone really going to keep trades open on this pair over the weekend? If things get really bad in Greece over the weekend, we could see a constant big flow of money out of the euro and into the swiss franc. This is real money, not speculators ...

Daily has engulfed the previous 2 days, very bearish. Next support around 0.9700 area.

Hope no ones long or looking for a bottom. Risk is taking a battering!

Shit is really starting to hit the fan in the euro zone.

Looks like there are plenty of buyers below last weeks low;1.6104. Still need to see a close below 1.6090 for bears to take control...

A break of 1.6090 would break the HH, HL pattern of the last few days, would turn bearish at that point and increase the odds of breaking the support area around 1.6060. Test of 1.6000, rising trend line for the year and 61.8 fib area of the big ...

Price testing rising trendline and support area. A break would see a test of yesterdays low of 1.6090 and weekly low of 1.6066.

Important close coming up in the next 10mins. A close above 1.6155 (bearish trendline from last weeks high) and we could see a test of last weeks high (1.6300) over the next few sessions.

I been in your position before and know how bad it feels. It was a big lesson for me but thankfully I learn from those mistakes and it made me a much better trader. You need to find a a clear exit strategy so that if trades go against you, they ...

Price is near support zone at the moment. This is still bullish as long as price does not CLOSE below 1.6145.

Excellent post!

After the strong close last week, we should see a test of the 1.63 area early next week. I have a PO @ 1.6210 (support area); SL 1.6180; TP 1.6270. Hope everyone has a good week!

The main threat to the peg is if Spain and Italy implode (which is looking likely). If that were to happen, there will be massive inflows into CHF.

Those charts can be found here: url Very useful to know how traders are positioned.

How is GBP manipulated and who by?? I have never had any issues trading cable or run into anything I would call foul play.

Why keep such big losers open?? It can't be good for your health!

Don't see how this is a "good luck" move. It tested yesterdays low, got rejected and went up as the bullish trend is still intact.

If this thing cannot stay down on bad GDP numbers that confirms UK is back in recession, than the signs are pretty bad for the bears IMHO.

This is heading towards the 1.63 area. That's the next resistance area I can see.