EUR/CHF: Ready to follow EUR/JPY higher?

I’ve had quite a few enquiries today regarding EUR/CHF and whether we should be looking to buy it or not at current levels? Yes of course we should is my simple answer although we still need to keep our stops below 1.2000 and this might be too expensive for some people. The last time that EUR/JPY accelerated, EUR/CHF lagged for quite a few days if not a week or so, but when it did start to move it moved 500 pips quite quickly. Surely history will repeat itself, or?

Personally I prefer to be long USD/CHF rather than EUR/CHF, as being long EUR against anything at the moment makes me a bit nervous after the Cypriot banking deal. I’ve bought smalls at .9355, lets see what happens.