Decent USDCHF and EURCHF demand notable again today 20 Nov
Yep, I know, easy to point the finger at the SNB but I highlighted potential "smoothing " again at the end of last week as the German coalition talks deadline passed into potential danger zone for the euro.
I'm not getting anything concrete but the finger pointing has some reasonable substance a)given their repeated stance on intervention and b) some decent lines in the sand on USDCHF and EURCHF as the euro weakened, and now spring-boarding the rally this morning.
USDCHF has held 0.9880 again to post 0.9913. EURCHF strong lines at 1.1580-1600 to post 1.1683.
Expect more of the same with dip-demand still to frustrate any bears.
USDCHF