Just read a note from one of the big investment banks and they are advising their customers to avoid getting caught out trading mid-range whilst 2 big central banks are sitting either side.
They are looking at a very broad 1.2650/1.3250 range for the 6 to 8 weeks and although they don’t mention the CBs by name, I’m presuming it’s the SNB who is selling rallies and China who is buying dips.