EUR/CHF definig market expectations!
Touching the low level of this previous January 15. consolidation range, in January 24. after the ‘Greek election results’, euro is rising rapidly versus swiss franc in the last couple of days, reaching 1.0522 today and the pair aproached the high of the January 15. consolidation range of 1.0550/600. Who is the buyer and weather he expected a new ‘rate cut move’ from the SNB? Who knows, but this is the important level for this pair and braking of the 1.0550/600 level could push the pair more up. Very interesting development, despite of the market players expectations. 🙂