While much volatility was seen elsewhere, nothing much has happened in EUR/CHF last week. The cross continued to gyrate inside very tight range. In any case, downside attempt should be contained by SNB's 1.2 floor. Upside volatility could be seen if any speculations revive. But we'd, after all, treat that as volatility only unless we see some "real" developments.
In the long term picture, after SNB intervention, the long term down trend in EUR/CHF is put into a halt at 1.0061. While the whole rebound from 1.0061 was strong, there is no scope of trend reversal yet. And, we'd expect strong resistance inside 1.2399/3243 resistance zone to limit upside unless there is a drastic turn in risk sentiments. But in any case, downside should be contained by 1.2, the floor set by SNB.