EUR/CHF ticks higher

Presently at 1.2105 from around 1.2080 when I parked my bum.

Sources report “two large continental banks buying this morning.”

Guess they figure they might as well give it a go, with the SNB intent on drawing a line in the sand at 1.2000.

A little birdy (well actually Joe) advises me there’s a pennant forming on EUR/CHF with a target of 1.30. Wow!!!!

I used to have a Leeds United pennant once. Really cool it was, all silver and gold…….

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