Strong moves were seen in EUR/CHF yesterday, with the pair closing through the 200-day moving average (at 1.2311) and downtrend drawn from the July high at 1.2321. The next target traders will be eyeing is the October high of 1.2375, ahead of the 200-week moving average of 1.2517. Big moves in the European debt markets helped, while there is a feeling that the CHF is a good short given it's over valuation.