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EUR/CHF pares early losses, 1.0315 pivotal

Source: Thomson Reuters EUR/CHF reverses early losses, trades +10 points & 40 points above 1.0373 low Asian stocks are positive - MIAP AXJ +0.88% - risk "on" cross supportive Asian 1.0373 low & NY 1.0422 high are initial…

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EUR/CHF pares early losses, 1.0315 pivotal
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Source: Thomson Reuters


  • EUR/CHF reverses early losses, trades +10 points & 40 points above 1.0373 low

  • Asian stocks are positive - MIAP AXJ +0.88% - risk "on" cross supportive

  • Asian 1.0373 low & NY 1.0422 high are initial support/resistance

  • SNB "will be active in FX market if necessary" 

  • So authorities could be behind the bounce into month/quarter end

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