EUR/CHF took most of the limelight after the SNB comments seemed to suggest that they’d learned their lesson and were leaving the market to decide on currency levels. The heavy selling of EUR/USD earlier in the week by Swiss names is now being linked to EUR/CHF sales. The EUR also lost significant ground against all the other majors and there are some important levels looming in EUR/USD below 1.3550, with some big stop-loss orders just below there.

Good luck today and TGIF.