EUR/USD fell for most of the session on Monday, but as the Americans tend to do - they bid up the common currency once the Europeans went home. The pair currently sits in a tight range, and is undoubtedly making a lot of traders frustrated to say the least.
EUR/CHF currently hovers a little bit above the world's most obvious support level - the 1.20 line. The Swiss National Bank is going to defend this level, and we believe it will be soon as the market looks dead set on testing their resolve.