As the swissy looks to build on the break of 1.0680, one eye is on taking profit already
The interbank players behind the rebound in swiss pairs are looking to offload some of there positions around 1.0800/10, traders in London and Europe note
The break above 1.0680 looks to be a key one but we've not had a proper confirmation yet
EURHF daily chart
1.0800 is a way away yet and there's plenty to chew through before we get a crack at 1.08. Should we get there and through then the 50.0 fib of the 1.20 drop sits at 1.0830. 1.0800/15 is also important as it was the top of the initial bounce after the big fall. It looks like it could be a strong level