FX Talk via the FXWW Chatroom

Does feel with month end flows closing in plus the month end Eur/Gbp demand tomorrow morning from BUBA that we are getting close to short term buy levels in Eur/Usd… The move has been 180 pips in almost a straight line and whilst I agree 1.1260/75 breaking was significant it does feel as though buying the 1.1200/10 area is decent risk reward for the next 24 hours 

There have been 25 times since February 2013 when – as is now the case – USD/CHF has started a sequence of closing in the top half of the day’s range for 3 consecutive sessions. Of the 25, only 1 went on to close the next day with net gains of more than 55 pips. The equivalent level on Thursday is 0.9555 

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