Disliked{quote} Unless like Simon73 said they are getting worried about the amount of reserves they are holding and want the franc a lot weaker so they can offload a lot they bought at 1.20Ignored
I don't know what is this level. If somebody bought chf last year at 1,2, they will loss about 12% at 1,3000. So if they do not want to lose more, they have to change it to eur, or Usd.
The SNB need to push the price to this level, and keep it there for a while, and money will flow to eur or usd on panic mode.
SNB must have information about this levels
Last year 200 Billion CHF was bought about at 1,2-1,2050 This is a huge money
A big stop hunting for short covering