The swissy is in favour for some reason as it backs off from highs in the 1.2345/50 area. Looking like some bids held us up ahead of 1.23 but those are gone and stops have been run the big figure.
A close below 1.23 will have us bulls thinking hard.
As I pointed out yesterday USD/CHF is struggling to take out the upper trend line now at 0.9495. We’ve had another look today but no real attempt has been made.
