EUR/CHF is flat today having traded in a 1.2011 to 1.2018 range. There is chatter about a referendum poll to be released any moment.

There is also talk about Draghi’s comments and falling periphery yields in Europe and about the effects of negative German 2-year yields.

EURCHF vs German 2s

EURCHF vs German 2s

Bloomberg notes that German 2s below 0% make it difficult for the pair to rebound.