Large EUR/CHF barriers still influencing the market

Author: Sean Lee | Category: News

Firstly it was barriers at 1.2050 and now there are more large barriers at 1.2000 which are influencing the market. As Jamie wrote below, these barriers held up despite the big Greek downgrade which shows that size can indeed trump fundamentals, in the short term at least. The market is massively long CHF but with few other currencies worth buying, it may stay that way for an extended period.

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