It's pretty unrelated, I know.

Yeah, a low importance data release from Switzerland isn't going to move the Euro, but I'm an analyst now and you know analysts need to make the market fit their narrative, right?

Ah yikes, now I have to work out which side of the fence I now sit.

Bloody analysts...

"CHF Money Supply M3 (YoY) 2.4% vs 2.9% prior"

But in all seriousness, it doesn't look like the Euro needs a data related excuse to drop, butting up against trend line resistance on the daily:

Drill a couple more levels down into the hourly chart and you can see the price action is pretty conclusively bearish today:

If you see that the trend line has held, there's gotta be some pips on offer either now or after a retest of a short term level such as the one marked?