I heard a few minutes ago that there are some very large stop-losses in USD/CHF above .8900 and above .8950. I rang a friend to get some confirmation and he tells me that there are some very solid offers near .8900 in USD/CHF as well. Perhaps there are some barriers in play?
If you’re long USD/CHF, well done, pat yourself on the back, now book some partial profits; you can always buy back in if it keeps going higher.
