EUR/CHF

SNB interim Chairman Thomas Jordan

Just the smoke?

hahaha.....its back to square one.

Maybe somebody hit the wrong button

Maybe....instead of sell, it buy.

I was!

I am sure this is the good place to go long with SL just below 1.2000

Long @ 1.21

Maybe the rocket starts today

yeah

Seem like its weakening...maybe the rocket no fuel.

It's a mess. One needs to have great nerves to wait for the fuel Not that I am not tempted, but not for me. Good luck with longs!

FXstreet.com (Córdoba) - The EUR/CHF spiked 40 pips in the blink of an eye, reaching a 1-week high of 1.2130 before retreating quickly back below 1.2100, with traders blaming a trader error rather than SNB intervention behind the move.

At time of writing, EUR/CHF is quoting around 1.2095, still up on the day. In terms of technical levels, next resistances could be found at 1.2110 and 1.2130 ahead of 1.2160 while supports might be faced at 1.2080 and 1.2060.

With spikes like this, nobody in the future will believe longs. We may se big nervosity from traders, high volatility. Situation getting worse for SNB

The more worse it gets, the more chances of SNB intervene.

https://twitter.com/#!/gregmikeFX

So somebody clicked the wrong button with that much volume to shift the market that much .. hmm

Out 1.2090 - 10

strong sell

And now we are moving opposite direction. Take it easy...again trader mistake with fat finger

If there is a promise to defend 1.20 and SNB not in action then the market must test it. It is question only for couple of days we see 1.20. I wonder how big that defending will be...

Out of my long from friday @1,2068, was b/e... pity. Maybe a chance to reload on longs (if you believe in SNB defending...)

The reaction to the fat finger was interesting: there are loads of sellers above 1,21. People seem to doubt the 'unlimited ressources' the SNB promised...