Some talk doing the rounds earlier that the SNB was possibly in the market, but this doesn’t appear to be the case.
There was some aggressive sovereign buying in USD/CHF earlier from around the 0.8825 level which looks to have caught a few traders on the hop and led a spike to 0.8906.
EUR/CHF has some option strikes today at 1.2100 and 1.2200 . Tech resistance is noted towards 1.2240 with some support down at this week’s lows around 1.2140.
