Swiss franc makes further gains but enough to prompt the SNB into action?

Risk-off sentiment prevailing and the franc is on a roll again 27 March

USDCHF now broken down through 0.9850 bids/support triggering stops to post 4 1/2-month lows of 0.9836 and that's sent EURCHF down through 1.0700 again to post 1.0691.

Is it enough to prompt the SNB into action ? Certainly can't rule it out especially with EURCHF now retreating after finding some protection from the generally stronger euro.

We may well see a line in the sand drawn at 0.9825-30 to help underpin EURCHF near its recent support line between 1.068-85 .

EURUSD now posting fresh highs of 1.0874 but with EURGBP lower at 0.8645 as GBPUSD busts out through 1.2560 and triggering the stops I highlighted earlier to post 7-week highs of 1.2581.