EUR / CHF bounce at 1.407; Watchful Intervention SNB

EUR / CHF bounce at 1.407; Watchful Intervention SNB

EUR / CHF had strengthened to around 1.407, but the pair failed to continue its gains and turned down to 1.401. Option expiry is in the range of 1.4 and acts as a support for the moment. SNB is expected to get ready to intervene if the CHF moves too strong against the Euro.