![SNB Jordan](https://images.forexlive.com/images/SNB%20Jordan_id_acec606d-2a40-487a-a681-6584ec6cb8ca_original.jpeg)
SNBs Jordan
Swiss National Bank 's Jordan is speaking saying:
- S&P prepared to take all measures necessary to bring inflation back into the territorial price stability
- current monetary policy is not sufficiently restrictive enough to bring inflation back to the range of price stability over the medium-term
- we are clearly above the range of price stability
- we have to take action to bring inflation rate down
The USDCHF is trading to new session lows (higher CHF), and testing a swing area on the daily chart between 0.9453 and 0.9479 after the touch comments on inflation. A move below 0.9453 would increase the bears hold on the technical bias. It would probably take a move back above 0.9493-0.9500 to shake the bears hold a bit.
![USDCHF](https://images.forexlive.com/images/USDCHF_id_8baeabed-5d97-4308-b070-08b09ecf6920_original.jpg)
USDCHF moves down to test swing area
Looking at the EURCHF on the daily chart, the pair is moving back below its 100 day MA at 0.9768.
![EURCHF](https://images.forexlive.com/images/EURCHF_id_f89e8acd-c6f3-421a-911a-cb098a6d5141_original.jpg)
EURCHF falls below the 100 day MA