EUR/CHF pares early losses, 1.0315 pivotal

Source: Thomson Reuters

• EUR/CHF reverses early losses, trades +10 points & 40 points above 1.0373 low
  
  
• Asian stocks are positive - MIAP AXJ +0.88% - risk "on" cross supportive
  
  
• Asian 1.0373 low & NY 1.0422 high are initial support/resistance
  
  
• SNB "will be active in FX market if necessary" 
  
  
• So authorities could be behind the bounce into month/quarter end