EUR/CHF now negative on the day
EUR/CHF touched above 1.2000 in late April to end a very long roundtrip below the SNB's old floor.
Since then, it's been a bit of a struggle as the pair fails to get back above. Today it rose as high as 1.1980 but has since slipped back to 1.1947 and is now down slightly on the day.
Hourly chart:
The CFTC weekly positioning data showed an increase in bets against the Swiss franc (which is EUR/CHF positive) and the underlying positive momentum in risk trades in the past week bodes well, as does the better tone in the euro in the past few days.