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Will they, won’t they? That is a popular question among Forex traders in regards to whether the SNB will continue to hold the 1.2000 price floor in the EURCHF. I’ve said it in the past and continue to believe that the SNB will stick to 1.2000 until at least September, but it’s time that the SNB finds another policy to support its own economy. Forget about the current situation where the SNB has been buying billion and billions of Euro’s, even as the ECB and EU are out to weaken their currency. The SNB needs to step back and look at the longer term picture of the Euro.
A picture is worth a thousand words, so I figured we’ll just start with these charts to make a point: