Seven minutes before the SNB announced the EUR/CHF floor, we posted this

Some scuttlebutt in EUR/CHF

This was doing the rounds yesterday. Talk of decent interest to buy short-dated 1.1400 calls (said to be for Wednesday)

The cross continues to rally, the market covering shorts ahead of tomorrow and possible action by the SNB. We’re up at 1.1250 having been as high as 1.1276.

This was the post.

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