1.2689 is the low and with the large option expiry we’re maybe seeing some wash out after the event.
1.2660 is the level I’m still looking at but this move isn’t coming on the back of any big move in the dollar, except for USD/CHF pushing up through 0.9400 to 0.9511.
If USD/JPY cracks 109.30 then we could see a late run up in the buck which will drive the euro lower
Back to USD/CHF and we’ve got 2012 resistance coming up at 0.9620
USD/CHF Daily chart 26 09 2014
