EUR/CHF fell during the session as the markets continue to test the patience of the Swiss National Bank. The 1.20 “floor” in this pair is below, and the SNB will more than likely be very aggressive in defending that level. However, we currently see no real supportive action that gets us interested in owning this pair. Selling isn’t possible, and buying could have you waiting (and praying) for central bank intervention. In the mean time, we wait to see if we can get supportive action somewhere below the current level.