USD/CHF: Data Drop To 1.2510 Finds Fresh Buyers

The US data linked drop from 1.2535 to 1.2510 has only served to offer bulls lower levels to buy the pair. As a result fresh demand has been found and more bids are seen into 1.2500. The dip in USD/CHF has also been supported by the buying of EUR/CHF on the slight dip back below 1.60. With USD/CHF falling the Franc managed to gain a slight amount of traction over the Euro and EUR/CHF eased away from the 1.6011 intraday high. However, the lower levels have quickly attracted fresh buyers here also and the cross is looking to bounce.