We’ve been highlighting the level for a while now with Ryan most recently posting on 23 Dec and we’ve had another capped move there .
Currently back to 1.2268 the pair has been buoyed by the general euro demand and USDCHF still finding a few bids around0.8900.
Delicately poised still with good enough reason to be both short and long.
Offers at 1.2280 and 1.2300. Bids at 1.2250,1.2230, and 1.2200
EURCHF Orders 27 Dec