sounds like retail brokers as usual stopping out their clients and margin calling them

EURUSD

Yeah Futures contract expired and rolled over to the next month

EURUSD

Im no options expert but I wonder how this will effect the price as traders wont have any protection, guess we'll find out soon enough

EURUSD

They prob tried their hardest to push this thing down to execute their options

EURUSD

ahh ha yes possibly thnx. Also forgot about brent expiry too might have had some effect

EURUSD

Just got in and seen price action wtf? can anyone explain sharp move off the low? Intervention? News?

EURUSD

This is brave SNB have pledged to maintain intervention to keep its currency from appreciating, esp against the Euro

EURUSD

I make you right a catalyst is whats needed to move this up and force a large number of shorts to close, could be something simpler though such as a steady improvement in optimism or clearer details of their plan, although very hard to imagine at ...

EURUSD

you are wise to be sceptical. Think DOT COm bubble and many many more, some examples; Cable at 1.35 was apparently going straight to Parity. Oil over $145 was "destined" for $200. E/U in 2008 was heading straight for parity. It certainly rings alarm ...

EURUSD

Last famous words! Gotta expect the unexpected sometimes

EURUSD

a lot of platforms roll over about now. so its pretty normal to get choppy around this time

EURUSD

They must be close to sorting something out now rate is starting to move!

EURUSD

Let the markets open first!

EURUSD

Yeah doesnt always work out in the long run but in the short term they could trigger over 500 pip moves esp when theres so many shorts on.

EURUSD

I wouldnt want to be short over the weekend! Europe will send “a very clear signal against those who want to speculate against the euro,” Merkel said.

EURUSD

The SNB must have forgot to leave their orders in the market LOL

The WoRmHoLe

Hey Wormboy, Good luck with your trades I hope it doesnt fall off a cliff though, my pounds wont be worth anything . I'll def try and pop by more often. Voting day today here too so could get choppy.

The WoRmHoLe

Hey Wormboy, hope your keeping well. I think this might bounce a little now off the 61.8 fib from the 1.478 - 1.5520 level.

The WoRmHoLe

All depends on the Asians when they see whats happened to the indices. Will they run for the hills or see this as an opportunity?

EURUSD

No problem, also, if there are no buyers or we are left with extra stock we have the option of hedging our position using a futures contract until the product is sold, eliminating any risk.

EURUSD