I’m still keeping a watch on the puns as well as the price action on the Swiss franc.
The 1.2200 barrier finally gave way and we motored on down to 1.2166 where I’m sure many of you got loaded up with longs again, and that’s proved prudent given the sharp reaction higher again.
I took some profit on my shorts on the way down at 1.2180 and have sold again at 1.2220 this morning. I see nothing to change my CHF-positive view but a good test will be later today to see how far USDCHF rallies on any USD-positive outcome.
EURCHF currently 1.2215 and USD CHF 0.8882 after 1.2235/0.8904 highs
Something for everyone in the past 24 hours.
Hurrah !
