All possibilities are on the table so its best to dismiss nothing and be ready for all eventualities
- They do nothing- in this case the EUR/CHF will be smashed straight back below 1.10 with recent speculative longs leading the panic
- They set a lower limit at 1.10- in this case I’d expect the mareket to initially move lower towards the base but then dip buyers help stabilise it
- They set a lower limit anywhere above the market- some initial panic with heavy stops in USD/CHF above .8000 getting filled
No time has been set for an announcement but Swiss traders expect something today
