On Friday we saw the EUR come under renewed pressure with the single currency falling acrosss the board. More talk of Eastern European CHF-denominated mortgages (the first mention in months) caused the CHF to spike but EUR/CHF stayed above the 1.2400 option level, below which are reported to be very heavy stops.
Early interbank trade has been reasonably sedate with EUR/USD trading in a 1.4110/52 rage so far and currently trading at 1.4130.
Good luck today.
