We've seen a sharp rise in USDCHF and the SNB will be in the frame 26 July Recent trading has seen USDCHF spike from 0.9850 to 0.9891 which has pulled EURCHF to 1.0883 from 1.0845. Both pairs have been contained of late so it may well be that the SNB is using the opportunity just to give them another shunt higher. I highlighted the good demand between 0.9830-0.9800 in my order board post Not hearing anything for sure but it's a reasonable guess imho. That and some order flow. Will keep asking around. Offers into 0.9900 and 1.0900 may be enough to contain for now unless we get a second wave. EURCHF demand helping to ... (full story)