I had a very busy (non-trading) day today. I was away from charts all day, but I "knew" at least one big move will happen during that time. I expected Euro strength, but didn't quite expect Franc strength even though the pairs are related. What I didn't expect at all was that PBOC will follow up with another huge yuan reference rate adjustment so soon. I haven't checked the details yet, but it appears that yesterday's adjustment was not a one-off :-)

After rallying more than 3800 pips from the lows, the pair found resistance ahead of 6.6 level and is now pulling back towards yesterday's high near 6.3450, which may serve as a decent support.

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