Amid broad based Dollar strength USD/CHF still sits around the 1.2480 area with stabs higher still expected to carry spot towards the 1.2500 once EUR/USD breaks below 1.2900.
Against the Euro the Franc has now dropped back to 1.6109 but bids into 1.60 are still attempting to reserve the bullish bias in the cross. One German is calling for the price to extend the run lower and push back towards 1.6000/15 area in the medium-term as corrective pressure in the CHF forces trading to ease.
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