Euro/CHF approaches 1.20 bottom line and it is expected that the SNB will intervene again

On Thursday (September 15) in Asian afternoon, the EUR/CHF maintained a low lateral correction and is currently trading at 1.2050.

A trader stated that the SNB’s intervention in entering the market is getting closer as the Swiss franc/EUR has strengthened again.

The EUR/CHF is now approaching the 1.2000 mark again, triggering speculation that the SNB will soon intervene to defend the 1.2000 target.

However, the trader also pointed out that the SNB has not interfered, but the central bank’s previous pledge to defend the 1.2000 minimum exchange rate target may be verified in the next two days.

The Swiss National Bank has so far not commented on the intervention in the Swiss franc.

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