EUR/CHF

totally agree

Waiting for 2nd rally...coming shortly.

This is what i want him to say:
"We will not tolerate the eur standing below the 1.40 swiss franc, and we are going to buy unlimited quantities of eur from now untill the target is not reached.
Sellers will be persecuted, buyers will be rewarded."

Something like that

I will vote for you for the SNB president position...

Bad news: Swiss government says recession unlikely, raises 2012 growth forecast to 0.8% from 0.5%.

I think if SNB won't come out with bullish eurchf speech , they know it will fall to 1.20-1.21 again.

Aside from the "dream speeches" above, what possibly can they say to make the market think, they will actively push EURCHF higher?

Their economy is currently in good shape and I doubt they don't have pressure from the EU to stop depreciating their own currency. It starts to look like beggar-thy-neighbor policies from the last century.

So I think they will continue to argue that the franc will continue to depreciate by itself - somethink which is not likely to persuade a lot of buyers.

In my opinion we shall be again below 1.21 tonight...

There is no money to keep the positions on eurchf short, I think CHF will follow th JPY .

Think of the constant flow of real money into Switzerland looking for safe haven..

what the mean? close short for this pair?

Maybe this baby is falling asleep again..

"Swiss National Bank keeps the minimum exchange rate unchanged
The Swiss National Bank (SNB) will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The target range for the three-month Libor will remain unchanged at 0.00–0.25%. The SNB will continue to maintain liquidity on the money market at an exceptionally high level."

So...nothing new.

Eurchf R I P

However, intervention or not, today we may see 1.22, so still keep your seat belts fastened.

And yes, i just added a buy on this retrace.

Now it's the work of traders to bring this stuff up

It's impossible imho

Why, the one we see in the previous days can be just an impulsive move, now it's heading down because probably soo many retails and various traders are taking the profits as they don't see the intervention of snb, but once this profittaking end, the move may be resumed.
Yeah no cristal ball here, i just guess. At least the 1.20 floor looks to be still real and this is a good thing for now.

Very encouraging...

"EUR/CHF has moved back above 1.21 ahead of the SNB, though, as USD/CHF has been bid higher. While we do see some risk of profit-taking today (the market is very short CHF according to the IMM data) we still see value in long EUR/CHF positions, as the 1.20 floor should remain well protected and as the recent break higher in USD/JPY could trigger further USD/CHF buying and hence broader CHF downside. We are positioned for EUR/CHF upside via a sold 2M EUR/CHF 1.25-1.20 put spread, leaving a 1.2144 break-even level."

"With EUR/CHF showing little sign of a forceful attack on 1.20 it was largely expected that the SNB would leave QE, rate target and the EUR/CHF floor unchanged at the meeting today. The bias to loosen policy further is based on a worsening of the economic outlook or the risks of deflation. This does not mean that the CHF has to strengthen further as the SNB already states that even at current levels the CHF remains strong which could pose a downside risk to price stability. The lower profile on inflation at the meeting today compared to the forecasts made in December suggests that there remains a high chance that the SNB will be forced to take further measures this year. Whether this means further QE or a desire to lift the floor is uncertain as the latter might be difficult unless the SNB can demonstrate that deflation risks have significantly increased."

it can maintain 1.2120 is close case, nothing more can ask