Stops went through 1.2325 with a sharp fall to 1.2280, but the move is deemed to be on the back of the USD/CHF more than anything else.
There’s talk of bids now from 1.2270 down to 1.2250 , with likely stops underneath. We’re sitting at 1.2295 now.
USD/CHF tripped those earlier sell stops through 0.9190 to 0.9176
