USD/CHF: Stops Run As 1.2230 Finally Gives Way, 1.2290 Eyed

1.2230 has finally given way as the Dollar runs to session highs. EUR/USD broke lower and this action combined with the EUR/CHF break into the 1.60's has seen USD/CHF pressurize the 1.2230. Offers into this level have since crumbled and the stops above tripped. A run at 1.2250 should now unfold but bulls will eye a run at the 1.2290 level should EUR/USD edge below the 1.3050/60 area.