EUR/CHF touches 1.2000 at the fix

EUR/CHF has completed the round trip

Bids for EUR/CHF into the London fix pushed the pair to 1.2000 for the first time since the SNB abandoned support for the pair in early 2015.

I guess it’s time to switch back on the 1.20 algos.

Watch for selling from some medium/long-term holders. The 1.20 level will forever remain a massive line in the sand for this pair.