FXstreet.com (Barcelona) - The USD/CHF has risen more than 180 pips in the European session from the 1.1460 support to the 1.1650.

Last Friday, the pair fell 460 pips in the American session from the 1.1876 to the 1.1460 bottom to close just below 1,1600. At the beginning of the Asian session the pair begun to fall to be traded below 1.1500 again but with the European session, the USD/CHF has risen more than 180 pips to the 1.1650 level.

Currently, the pair is trading around the 1.1645/55 band, if the USD/CHF breaks the 1.1650, it will point to the 1.1700 line, Friday's minimum.