EUR/CHF intervention?

Looks like the SNB buys Eur/Chf to defend the 1.2 level.
Although:

The rumor that the Swiss government may impose a tax on Swiss franc-denominated deposits has gotten the EUR/CHF cross off the floor at last.

http://www.forexlive.com/blog/2012/05/24/who-woulda-thunk-it-2/
Nice sharp move.
1 minute chart:

8 hour chart:

Charts from Daily FX Net dania charts.

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