EU Feb Trade Balance s.a. increase to €12B

The EUR/CHF fell off the 1.2165 handle during European trading Monday, plummeting over 20 pips before bottoming out at the 1.2142 level (daily low). Following the release of economic statistics in the EMU, the cross has now recovered the mark of 1.2150/52 in these moments, down a modest -0.05%.