USD/CHF: Pullback Aided By Fresh EUR/CHF Session Lows

Spot eased back to 1.22 support after filling decent bids in the 1.2210/15 area. However, the European pullback has been exacerbated by the Euro cross also printing fresh session lows. As EUR/CHF is sold back below 1.6285 the Dollar pair has been forced to break back into the 1.21's with bids in the 1.2190 stalling the initial drop. Stops are noted below 1.2185 so should the momentum hold then a return towards 1.2160/70 could loom. Stops in EUR/CHF are noted below 1.6275 and should the orders here be triggered then a run back towards 1.6265 and 1.6250 could be looked for in the cross.