It took a while after the earlier Danthine comments but we’ve seen a surge now on USDCHF and EURCHF
Highs so far 0.9103 and 1.0301 as thin liquidity adds to the acceleration
Also being atrributed to comments that the SNB thought the Singapore $-style basket merited further consideration
EURCHF had a swathe of offers and resistance into 1.0250-60 and fibo at 1.0293 so that’s another line in the sand now taken out after the SNB fallout. Next targets 1.0430, 1.0500 and post-SNB action high of 1.0651
EUR demand across the board with EURUSD up to 1.1327 EURJPY in a real turnaround to 133.81
Funny ol’ game
Yesterday I signed off with another CHF post pointing out that an SNB target can not be ruled out given the 1.1000 talk and Danthine this morning has added fuel to that fire
No word on intevention per se but something is afoot and I’ll keep my ears open.
Update : EURCHF 1.0375 USDCHF 0.9155
EURCHF 5 min 27 Jan
