CHF firmed up from Tuesday's lows after the recent equity market rally ran its course. EUR-CHF turned away from 1.5318 highs and reverted to 1.5254 lows in to today's European open. European indices are close to flat, which sapped the market of momentum and directional bias, which suggests that range bound activity is on the cards intra-day. USD-CHF is trading in close proximity to the 1.0600 level after it turned away from 1.0645 yesterday. Since the European open the dollar pairing pushed up from 1.0590 to 1.0635, but the dollar is easing, with the underlying trend encouraging supply on strength.
