CHF weakness notable in an otherwise lacklustre session 14 July
Not a lot going on elsewhere but take a quick look at USDCHF and EURCHF and you'll note a steady push higher from 0.9660 to 0.9700 and 1.1030 to 1.1074.
Offers/res nearby on both as per the order boards.
I did mention earlier in the week that the SNB doesn't always need to be fighting a rear guard action and is quite happy to give prevailing weakness a helping hand. Could also be pre-empting/anticpiating further EUR falls but this morning's EURCHF p/a might also explain why EURUSD holding up above 1.1400 comfortably atm .
Ok, it's conjecture on my part but I don't see/hear anything else to explain the moves where all else is quiet and notable when for the past few days EURCHF has bucked the softer EUR trend elsewhere.
Previous comments from the SNB since the January 2015 collapse have suggested a 1.1000 target area for EURCHF and I have for a long time now been recommending buying the dips
Any further information on today's move from our readers/traders out there ?
USDCHF 60m
EURCHF 60m
