At the same time as restoration of a single European currency in the pair to the dollar provides some support for the euro / franc, in the currency pair continues to be felt lack of fresh drivers for the development of bottom-up movement, and now the euro, while under moderate pressure, trading near Chf1.5030. Close support Chf1.50, which some market participants tend to treat as a red line for the SNB, remains relatively high concentration of orders for purchase, with the figures in the region, according to the news several options barriers, however, currency strategists Brown Brothers Harriman encouraged to draw attention to that the rebound is higher in recent years been increasingly limited. They note that, while previously, including last week, they prefer to buy a euro close of that support, they are now more skeptical assess the prospects of such a strategy. The bank advised to be careful when you open a long position, and note that their judgments are based not on fundamental factors and technical picture, but on the assumption that the SNB's tactics become less effective. Retailers, meanwhile, reported that below Chf1.4990, on rumors, there are large feet.
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