EUR/CHF

I am buying this in huge quantities, it's the safest option in the markets now. Ukraine will solve it's problems, like siria and others. Time will tell.

http://www.cnbc.com/id/101451132

Patience is the key now.

1.21260 coming into view then

In my opinion, today might be the end of the downside story. We're on a turning point here, down to above 1.21 or up 1.2165-70(the 8 pips break might had only been to hunt SLs) talked about if turns support again will be the first step followed by 1.2180s and do not be surprised with 1.2220 today, and 1.2240s tomorrow.

I like to be optimistic in general, however technically PA and current volatility proving that for the time being before Yellen talk which might be accompanied by the fire up. Other than that would be above 1.21

In the long term, 1.2260s and 1.23 would be a challenge on upside if 1.2157 turns to be the recent low recorded

im positive on eurchf too caught a long last dec around 2165 region, just couldn't miss today's opportunity for another long targetting 2300 region again.

No need to hurry up and burn the market movement steps. The work on turning 1.2165-70 to support again had been achieved to a good degree, now the work will be on 1.2180s, before seeing price moving steadily in the 1.2190s first and above, no hope would be for bulls because bears turned their strength now to the 1.2180s. Despite 1.2157 looks to be the recent low recorded for a coming big move upward as said before, but let us have more and more patience to see it go higher gradually, forming a base for this move in order for bears have tough time taking it below 1.2180s later on.
Finding EC above 1.2205 tomorrow is something definite in my technical view. Hopefully, market follows from here, not making it appear as a false breakout while it actually being a test of 1.2180s to continue downward is in the cards too

Ofcourse EC drop is not related to Ukraine or whatever political reason or safe haven concept.
I saw and pointed on possibility of 1.2180s and 1.2165-70 weeks ago, before anything had happen in Ukraine.

It doesn't matter who is buying or selling the Chf, SNB is the problem even if indirectly, because it controls its currency like any central bank, leaving it go to this extent is its fault. Don't be surprised that CBs can be more stupid than anyone can imagine, so thinking that how will it leave EC go back to 1.20 when it would pay much more to take it up again to 1.25 at that level mustnot be a surprise doubt for anyone.
All of us remember well how much interventions BOJ had done and paid billions to see price go back to the initial price in few days, all that is because when a big decision is not taken and there's much time for that, no pressure, CBs turn to second and third options. And it really doesn't matter for them 100-150 pip from the peg or very near the peg.

For example, in certain illness case, doctors(who I hate) might follow certain steps like drugs with the patient before doing the operation.
CBs work in a similar way, Fed would not remove bond purchasing at once, step by step the procedure will work, only if there's a decision.

to be honest, altho I really think the bottom has been built(we will have a second try on 1.216 and the bearish trend will end, not saying bull is anytime soon)
and leveraged my money 10 times more for EC long position(which is pretty safe for this pair), I do not see a breakout. All I see is a clear down trend and a not-yet-proven-to-be-false breakdown.

1.21830 broken 1.21650 broken but not closed below i'm still expecting a try at 1.21260

Do you have an open position or just "analyze"?

yes i have a long position from this level and will add lower down

What is your 1 target?

I see no reason for a big breakout higher.

i havent looked at targets yet i will see what price action does.

Big move into swiss franc today the SNB must be gutted

EC continuing what it had been doing for 2 months now. The yesterday move to 1.2180s was just for testing to continue downward as had been doing, nothing new.
Not surprised of the move today to 1.2144, technically if it wants to go more oversold can even reach 1.2125.
It had done nothing strange, moved between my said 1.2165-70 and 1.2180s, turning the first to support yesterday and testing the second for the same purpose, failed to break above there, so tested 1.2165-70 again to turn it to resistance which it had achieved till now.
Yesterday it moved down to 1.2157 when Euro was weak and Dollar was good, today moved to 1.2144 when the Dollar is weak and Euro strong.
The main question is: if it was true what most traders who trade EC say that it all depends on Euro strength, Euro Zone debts, Fed tapering and all that nonsense, then why we had been seeing a strong Swiss Franc when in many days both Euro and Dollar where strong or one moderate and the other strong, why Euro and Dollar must shift from weak to strong while Chf must always be strong?
Why when an SNB board member said even in 1.22-1.23 Chf is very overvalued, UC and EC dropped instead of flying up? Was it to tell him, shut up and act. We are challenging you SNB, the same was seen with UJ but BOJ was more strict with interventions. If SNB had done the same like 3 interventions per year and 300+ pips each, we would all be very happy like the case had been with UJ.

Honestly, EC bears who are shorting 1.2160 and 1.2180 might turn to be right if it goes to 1.21 and 1.2020 but I set assure that if they want to keep it down there(1.21 and below) for sometime, they'll loose their accounts and all the profits they gained from a big move down and they will be left crying as Yen Bulls had attacked BOJ for intervening all that time.
Why this drop today after yesterday reversal candle, a move to 1.220s was the least to do after that.
Why EU is 1.38, EC 1.2150s, and UC 0.88 when the Fed is tapering and Yellen assured tapering will continue?
Why EC is 1.2150s when ECB might not change its interest rate and no switch in monetary policy in 2014?
Why UJ and EJ must close today at its high after dropping for 200 pips for the latter and EC must close near its low?

Because the pair is manipulated, there is a decision by whoever to take it back to near 1.20.
There are many crazy weak minds with billions of $$$ from OIL treasury countries willing to spend it on fun and madness by challenging the Central Banks.
Free Money goes as it comes, nothing to loose, Oil money cycle continues

But, do not worry it will go back to 1.2240s or 1.23 first then back to 1.21, later going back to 1.2020 when 1.21 break and back to 1.21 or 1.2150. I don't think it would drop quickly below 1.21 before returning to 1.2240s or 1.23 first.
If we do not continue seeing the same sliding dragging down movement from now on, mostly EC will go back to 1.2240s, 1.2260s or 1.23 in March.

In all cases, am holding 2 heavy longs at 1.2150 and 1.2170, would not short at these levels until it goes down to near 1.21 and comes up again and will not add a long until 1.21 first and 1.2020 later on.

A today close below 1.2160s is very bearish, unless EC opens up there on Sunday

Shorting EU and Longing UChf and long EC, I am just totally screwed this week... with the biggest dd ever in my account.
Well Done market
I will keep holding EC as I placed my faith in line with SNB, but I really have no idea how EU and UC will go...

I thought maybe it would bottom around 1.2130, but I'm thinking maybe lower in coming weeks.

Could go to 1.2, but it is very possible that we could have bottomed today.

1.20 very possible with all that's going on.

looks like a very bearish close this week and month so we will see.

What is going on?? My account is in its biggest loss in years thanks to this pair. Still holding on as I believe SNB will defend this, likely verbally in the next few days before market intervention. Fingers cross it weakens early in March

my concern is, there is no rejection, no bottom. A huge gap on monday would be nice indicator

1.211 would be a good place to place long orders.
It seems EC is going to bounce back to 1.20 in a long run so I would quit all my position in 1.2175-1.22 three weeks after (ofc nothing is for sure, just based on the current channel).

SNB verbal intervention won't work it never has done

They have said they will defend 1.20 not carry out market interventions

what are you thinking pipxster?

Anyone think a gap down at market open on Sunday because of this Ukraine stuff?

I think gap down at market open.