Watching the daily close today
Euro, despite being higher on the cross, has taken USDCHF through the 0.9935 support, a daily close under there doesn’t bode well for the longs. 0.9865 and 0.9815 would
be the targets if we sustain this break and put us back to where we started a few weeks ago.
For short term punters, short with a stop back through 0.9940 could be attractive. I was long EURCHF for a while, let them go @ 1.1652 as USDCHF
went through above mentioned level.But I’m not short USD in this pair usually as I’m reluctant to sell into any possible SNB bids