most recent data from Europe indicates of lower retail sales (-1.2% vs. 0.1% expectation) could be the catalyst for the EUR/CHF to start drifting lower toward 1.4000. With the most recent intervention from SNB being at 1.4000 it should be prudent to place profit targets at 1.4050, and stops should be placed above recent highs and 100 Simple Moving Average.
Caution is advised on a strong bounce from 1.4124 (78.6% retracement from 1.4587 - 1.40008 move on a daily chart)
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