A mixed session for the dollar yesterday as we await important economic data due to be released later this week. Most of the majors are trading within recent ranges and we continue to see pressure on the euro. Our views are neutral for the moment but we are looking for a breakout opportunity. An interesting pair that has gained a lot of attention recently is the EUR/CHF which has seen a lot of volatility relative to the past few months. It seems that the SNB has stopped intervening on a major level; however, we still expect the market to bounce from oversold levels. Currently, we are playing long positions with stops just below support levels, which we will cover in today's analysis.
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