Thursday, August 18, 2011

Central Bank Interventions - Dont work in currency markets anymore - 2

After the intervention - CHF is at the support levels of the uptrending trendline. Now lets see if the for the first time ever in history a central bank is able to influence the long term trend of any trading asset class. If its able to do so then it would be a first in the world and the SNB would be a proud trophy holder amongst the speculators.  

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