Frank fell to the background of verbal intervention

After the last intervention SNB single European currency moved to a smooth reduction in the relatively narrow range, and now the euro / franc began with the resumption of testing orders for the purchase of approximately Chf1.5190. However, statements by members of the Governing Board of the Swiss National Bank, Thomas Jordan, who said that the central bank stands ready to continue to intervene to prevent the growth of the national currency, violated the sleepy mood in the market and forced to bear hasty withdraw, leaving the euro is now possible to observe some Chf1.5238 . Ofer visible around Chf1.5240/50, while further warrants on sale are located in Chf1.5270/80, but given the thrust of the franc to strengthen, verbal intervention may not be enough for a pair of strong growth. However, attempts to reduce the likely continue to attract interest in the purchase, as recent events show that the SNB position on the exchange rate is very tough, and UniCredit analysts recommend the use of new attempts to reduce the euro / franc Chf1.50 below to open long positions .