USD/CHF: 1.2547 Prints, Profits Booked As EUR/USD Bounces

1.2547 printed in the move higher but "fast-money" accounts have again been active amid the move lower. London dealers talk of fund profit-booking after the highs were probed amid the EUR/USD test of 1.2900. However, with EUR/USD bouncing and talk of official USD/CHF sellers the downside has come back into view. Ahead of the European closes and with little on the diary for tomorrow some are expecting this vein of profit-taking to continue with 1.2500 resistance turned support eyed as the initial level to base a USD/CHF pullback.