There are predictions of a broader euro sell off churning about after yesterday’s break of the 200-dma but the pair is showing some resilience and so is the euro.
EUR/CHF daily
My expectation is that if there were an appetite to sell the break of the 200-dma, it would have happened by now. You can’t rule out a bad headline in the days ahead but a tentative buy initially targeting 1.2350 with a stop at 1.2275 balances the right risk/reward.