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May 24, 2012

EUR/CHF Pops; 1.2070 and 1.2144 are Resistance Pivots

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The EUR/CHF has been in a dead quiet range just above the 1.20 SNB floor. The range was like 10-15 pips wide at max. The EUR/CHF was pretty much playing dead throughout April and into May.  Then out of no where in the 5/24 US session, around 9:00AM EDT, the market pops up 50 pips. The 4H chart... FF News: Technical

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