The weaker EUR sentiment is playing out across the board 11 Nov
EURCHF taking another hit lower this morning to post 1.0710 so far after failing to hold above 1.0750
I noted the other day my belief that the SNB did come in at 0.9550/1.0750 in the immediate Trump aftermath but highlighted also the failure to hold above 1.0800
No sign of them being back in since but they will be watching closely. Usual intervention is via USDCHF so keep an eye on that.
A move now to 0.9855 suggests traders getting nervous the SNB might show their hand down here in an attempt to hold EURCHF above 1.0700.
If that does happen then expect the pause/slow button to be pressed on further euro losses elsewhere for the moment.
Update 09.48 GMT - USDCHF up to 0.9872 EURCHF 1.0731 so maybe SNB having a sniff around.
