EURCHF trading within range, looks neutral over short-term

EURCHF touched a three-and-half year high of 1.2003 on April 20, before falling violently to post a ten-month low of 1.1366 on May 29. The pair recovered somewhat in the subsequent weeks and ever since May 31, it has been trading within a relatively tight sideways range, between 1.1480 and 1.1645.