Despite euro’s weakness, EUR/CHF can’t hold below 1.5200. If I didn’t know better…..

Despite the euro’s weakness, the EUR/CHF cross is struggling to hold below 1.5200 (back at 1.5215 presently after posting a session low down around 1.5180.) If I didn’t know better (well actually I don’t) might be tempted to conclude there is a little covert intervention going on. Ummmm?

More likely though, it’s just the market doing the SNB’s job for them.