Interesting to see EUR/CHF wallowing down at 1.5025. The cross opened up around 1.5070 in Europe, but the release of poor euro zone GDP data has put the pairing under some pressure.
It’s interesting given the Swiss economy is in as much of a state as the euro zone, if not worse in many respects.
The market continues to probe for SNB interest, weary of ongoing official rhetoric that the Swiss central bank fully intends to stop any swissy strengthening against the euro. It’s a case of “show us the money.”
Strong technical support lies at 1.5010/15, which has proven durable of late. Probably some sell stops just below. Wonder how long till we hear rumours of SNB sniffing around…..
