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
The material has been provided by InstaForex Company – www.instaforex.com