Small spike this morning

At 5:45 a.m. this morning the EURCHF spiked up 40 pips or so. The question most likely on trader's minds, including mine, at the time was the likelihood of this being the result of some sort of intervention. As the pair just hit my take profit target for my 2nd long position and the motivation behind the move was still in question, I decided to keep the position open. The news wires finally reported that it was an U.S. investment house behind the move. As such if the pair moves up to the 1.5250 level again today I will probably take the 2nd position off the table.