Yesterdays volatility on the back of broader risk aversion lead to
several breakouts-leaving very little range trade opportunities.
The EUR/CHFs unusual overnight price action has created a potential
opportunity as it cemented a level of support. At last approach of
the prior swing low Swiss policy makers saw fit to depreciate the
local currency against the Euro as its continued appreciation
threatened curb demand from its largest consumer and increase
deflationary pressures.
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