EUR/CHF reaches very interesting level

EUR/CHF has reached a very interesting level and bounced, namely 1.5110. We posted a 1.5111 low and are presently back at 1.5125.

If you’re looking for a level where the SNB might well stand it’s ground, then for me it’s 1.5110. Last time we were down here, the SNB let loose with both barrels.

The CHF has been garnering strength from, among other things, raised trade tensions between China and the US., swissy’s safe haven premium coming into play.

Sell stops said to be gathering just below 1.5100.