Back on September 6th 2011, the Swiss National Bank (SNB) announced the floor peg of 1.2000. September 6th 2011, was a Tuesday that came after the extended Labor Day weekend and caught a lot of traders off guard as it was announce prior the US open.
The EUR/CHF has traded in its channels since then. It has now broken below the 1.2100 area and the 200 Day Moving Average (as of 7:50am). If this pair tries to take a stab at the 1.2000 level, watch for any for any rumors or announcements by the SNB that could move this pair upwards.
