Quick 50 pip drop as stops hit
The SNB isn’t going to like this. EUR/CHF fell below Friday’s low of 1.0858 and then ran stops down to 1.0810.
They have been more cautious with intervention talk recently and the market senses a bit of weakness. In early February, the pair came within a pip 1.1200 but it’s sagged since and has now wiped out the year-to-date gain.
