I’m hearing that heavy bids are lined up below 1.1800 in EUR/CHF, getting heavier towards 1.1750, with talk that the SNB will take action to slow down the fall in EUR/CHF. We’ve heard this sort of talk before when EUR/CHF first fell below 1.2500 but the suggestion is that if it falls below 1.1500 then it’ll be at parity in no time.
As the SNB is about 25 billion long from 1.50, perhaps this would be a good time to try and improve their average
