Kind surprising the SNB did not put a mega bid at 1.2125 to paint a pretty picture of support on the charts but perhaps they wanted to inflict some pain on the market before restoring order. We’re back to 1.2130 now.

Look for a test of 1.2000 if we can trigger the stops below 1.2100.

Rumors are that Thomas Jordan, another SNB board member will replace Hildebrand.