After falling around 75 pips from 1.1365 in the European session to reach the intra-day low at 1.1290 and test the 1.1300 level. Currently the pair is trading around 1.1295/1.1305, 0.35% down from opening price at 1.1340.
Yesterday, the Greenback won 0.72% against the CHF, the pair opened at 1.1260, reached 1.1247 as minimum and 1.1362 as maximum, to close the day at 1.1341.
"The dollar is losing steam against the Swiss franc in early European trading, heading again towards the lows around 1.1250, and is currently trading at 1.1320. We expect these lows to be tested again in today’s hours, where we see very low volatility in the market, resulting in a sideways trend."
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