Equilibrium vs. Intervention

The Euro surged Wednesday against the Swiss Franc, in what appears to be a large currency sale by the Swiss National Bank.

In the opening minutes of the U.S. market, the Euro jumped an incredible .0369 Euros, the same kind of move that has been seen twice in the last quarter.

Though the SNB would not confirm or deny a large sale of Francs, national bank officials have stated in the past that intervention was on the table in an effort to stem deflation against the Euro.

The European Union remains Switzerland's largest trading partner, and a substantial devaluation of the the Franc could harm tremendously the Swiss economy.

The banking sector officials may not want to confirm or deny their money manipulation techniques, but the charts speak for themselves.

Here is a four hour chart from the FOREX trading platform MetaTrader. See if you can spot the intervention.