Are we going to get a clean break this time?
We're only 3 pips away from that 1.1700 right now for EUR/CHF. The last two times the pair made a run up against the figure level we saw it come back down a little.
Swiss pairs in general haven't been so favourable to trade, especially when there's fears of central bank intervention. As the EUR continues to show signs of resilience, this is one pair that has made great strides this year despite the put off of the possibility that the SNB may interfere.
The pair started the year at the 1.0700 levels and the upward movement has had very little major retracements that has warranted a panic "sell off". The SNB has continuously stated that the CHF is overvalued, but as we move closer and closer towards that 1.2000 level - where they removed the floor in January 2015 - that sentiment may start to change.
And that should keep traders on their toes, should the pair continue to break higher. But that's what they said about Bitcoin too, right?
