EUR/CHF: Major barriers reported at 1.2050 and 1.2000

Author: Sean Lee | Category: Forex Orders

EUR/CHF is fast becoming the lead sentiment pair in the FX market and if it goes for a big run in one direction or another, then many other pairs will follow.

The recent lows in the cross have been at 1.2050, with Friday’s low at 1.2052, and there are still reports of significant option barriers at 1.2050 and 1.2000. I presume there will be some very heavy stops below the psychologically important 1.2000 level.

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