One exception to the euro selling has been EURCHF.
I highlighted the potential in my order board post where I said the price action on USDCHF and EURCHF "Smells of SNB presence".
I mentioned it again in my euro post just now and we've seen EURCHF surge to post 1.1000
I have long been recommending to buy dips in this pair down to 1.0800 while the SNB have been very guarded of late and kept their powder dry. But with the ECB meeting now rapidly approaching it appears they're leaving nothing to chance and giving themselves some wiggle room should it all kick lower tomorrow.
It could also, of course, be some of my former Swiss colleagues just "making an action" as they loved to call it and leave markets guessing whether it's actually the central bank or not.
Either way it's a notable price action going on right now in USDCHF and EURCHF with little sign of retracement and that tells me the SNB are giving it a helping hand even if Swiss banks are making the most of it.
More offers/res into 1.1030 and then again at 1.1050.
Currently 1.0031 and 1.0998
