Barclays Capital is looking to buy EUR/CHF weakness towards 1.2020, and against the SNB's 1.20 floor.

Topside, a break above 1.2150 would encourage the bank to add to its fresh longs, looking for a move to 1.22 and then 1.2245.

BarCap also notes that a higher close for the cross late Tuesday, after settling around 1.2053 Monday, would post a bullish divergence warning.