If you are of the opinion that EUR/CHF has fallen too far too fast and you have been looking for a opportunity to ‘pick the bottom’ (in other words if you’re like me) then there might be a possible opportunity emerging. The last place where the SNB was spotted was at 1.3750 and as we know their attempts to put a base in haven’t been overly successful. However I am now hearing that there may be a few other significant buyers coming into the market- hedge funds who’ve been short for a long time and for various reasons are looking to take profit. If this pair turns, watch out.