USDCHF looks to have a line in the sand at 0.9800 1 Dec
I have said in various posts recently that we can't rule out the SNB keeping a close eye on events and whether they've been in or not we have a line at 0.9800 holding the pair up. You the jury can decide whether they've been around or not, but I'll guess yes.
USDCHF 15m
Option expiries today too at the price for USD750m preventing further falls albeit capped into 0.9850 as EURCHF retreats from fresh recent highs that Justin reported on earlier.
EURUSD falls can often lend support to USDCHF but those gains will be tempered if EURCHF selling outweighs.
Currently 0.9827 from 0.9816 lows with EURUSD finding support into 1.1880, helped it would appear by some 1.1900 option interest of its own and EURCHF holding 1.1680 with further demand into 1.1650 still.
EURCHF
