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Talk of SNB buying EURUSD spurs the euro rally
I suggested in my last post that the SNB could be hoovering some EURUSD and so it seems, with talk on the street now that they’re buying to drive EURCHF higher Post- SNB rebound went to 1.0651 and that area has been a target for a while as I’ve highlighted, and we should expect a break to trigger accelerated gains. Just seen 1.0633. Currently still 1.0617 USDCHF also higher at 0.9285 but approacing good tech res/offers into 0.9400 EURCHF has little liquidity in its own right so it’s only natural that the SNB, or indeed anyone, should use the two core pairs to get their amounts done Earlier I reported the latest ... (full story)
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