EUR/CHF is at the lowest in a year-and-a-half after support at the August low of 1.2086 gave way in the past few minutes. Last at 1.2083.
The 1.2000 floor in the pair is coming up on its 3-year anniversary, something I railed about last week.
A surge in early 2013 started at about these levels and peaked above 1.2500. In 2012, the pair skidded around 1.2035 before it rallied. It’s unclear exactly hen the SNB last intervened but there are no guarantees until about 1.2010 and they may want to stay quiet around the anniversary.
Eventually it will be time to buy this pair but I don’t think we’re there yet.
EURCHF daily
