EUR/CHF has jumped to 1.2322, surging 50+ pips in the past few minutes. There are rumors of an SNB press conference at 5 p.m. local time (in just under 2 hours). Yesterday’s high of 1.2317 is capping sell orders so far.
Don’t fight the SNB, those guys aren’t kidding around about their willingness to sell CHF in unlimited quantities.
