• EUR/CHF presses up on range highs at 0.94

• 200-day MA at 0.9397 also holds for now

• Cross has largely held a 0.93-0.94 range since mid-April

• Though with the SNB decision due next week, risks are on the topside

• Potential for SNB to deliver a larger cut (30%) should weigh on CHF

• Higher equities, low volatility, mean CHF-funded carry trades have appeal

• Close above the 200DMA would be encouraging for bulls - target 0.95 test
EURCHF daily chart

(Justin McQueen is a Reuters market analyst. The views expressed are his own.)