CHF ceiling to be tested?

Just thinking out loud, but now that Italy has come into market sights as a key focus, and the Euro gets sold off, is SNB will (and wallet) going to be tested? If the perception turns to a rout in Italy (its not close yet) and the market bails on the Euro the 1.2 EUR/CHF ceiling is going to be an interesting test.

Mind you, not there yet.

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