EURCHF chart of the day ...
After a year (or even more) they decide to move out of the 10 pip range and rocket sky high. Guessing this one was a) pure luck b) working in SNB
And they stopped (at least for now). Some are projecting targets of 1.250 and 1.270
Massive "Fat Finger" Seller Appears In Swiss Francs
One glance at the 'ticks' surrounding this morning's so-called "fat finger" in EURCHF and it is clear that this was anything but a human trader falling asleep on his keyboard or accidently selling 100 yards and not 100 million CHF... Welcome to the 'unrigged' markets... (in FX also)... where stop-hunting algos rip to a 50-day moving-average in milliseconds to remove all stops before fading back ingloriously to unchanged. As Nanex suggests, this started in the CHF futures market...
The ramp took EURCHF up to its 50DMA before fading back...
And appears from the adjusting bids and offers to be anything but a fat finger error...
and here is Nanex with the close up in the CHF futures market...
On April 16, 2014 at 10:35:24, about 1800 Swiss Franc Futures contract suddenly dropped prices in 1 second. Prices mostly recovered over the following 12 seconds.
1. June 2014 Swiss Franc (6S) Futures on April 16, 2014
EUR/CHF forecast for the week of February 9, 2015
The EUR/CHF pair tried to break out above the 1.05 level during the course of the week, but as you can see turned back around to form a shooting star. The shooting star of course is a very negative sign, and as a result we are sellers on a break of the bottom of it. We think that point time, the market should head down to the bottom that we had seen formed recently. If we broke the top of this shooting star, we will simply wait for resistive candle at higher levels to sell.
SNB will be pushing it up next week
SNB will be pushing it up next week
They are already doing it - buying Euro
They are already doing it - buying Euro
Somebody is playing the SNB game : buying bellow 1.050 and then dumps the whole lot at once. This time it is going to cost SNB much more then they thought 
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Swiss must be be rejoicing : it is moving further and further from 1.20 projected minimum they desired. Intervention? What is intervention? ... Why noooo
New projected (and desired) minimum in sight?