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Short

EURCHF Bearish Reading

FX:EURCHF   Euro Fx/Swiss Franc
This pair is at the horizontal support level . Is it going to hold after the sloped one has failed to do so? The strongly correlated pair has somewhat uncoupled, with the CHF getting much stronger than the EUR. This bearish trend may continue, if 1.20515 is not going to hold.
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1.20 is the Swiss intervention right.. they havent been forced to defend it for a while but only 50 odd pips from that area. Might scare away the sellers or..
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