Lots of speculation on just why EUR/CHF took such a tumble. A UK clearing bank is getting the blame for being the biggest seller while a US think-tank report is getting some of the blame.
Another theory is that there was a 1.2900 barrier that was broken.
Lots of chatter, not a lot of confirmation just yet….
We’ve been as low as 1.2868 and trade now at 1.2895.
1.2915 is resistance.
