EUR/CHF climbs to the highest since the floor was broken

EUR/CHF hits 1.1639

The Swiss National Bank will be glad to hear a taper announcement from the ECB on Thursday. It was ECB quantitative easing that broke the 1.20 floor in EUR/CHF.

There isn’t much daylight between current levels and a full retracement now.

It will be interesting to see what kinds of signals the SNB sends after the pair gets back above the old floor. My guess is they will want to see 1.30 before hinting at any kind of hike.

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