Once again, EUR/CHF has slipped back toward pivotal support in the 1.5075 area. We’ve not been more than a handful of pips below that level since the SNB began selling francs back in June. Yesterday I suggested selling a sell-stop in the 1.5040 area should downward momentum develop in EUR/CHF on the loss of 1.5070/75. I still like that play. The SNB hinted yesterday they are getting set to hit the exits “soon”.
USD/CHF has set new 2009 lows at 0.9962 thus far.