Just by letting the pair to move close to the peg with a bit of a technical issue below, the sentiment changed a lot in a couple of weeks, here in this thread 4 weeks ago everyone was talking about raise of the peg.
After that everyone was waiting for intervention. Now we are almost at the point where the sentiment points to the peg break. if snb contiues to hover the pair just above peg, almost no one will be left to close longs after the "dear payment" for shorts.
And exactly as someone said before, there are many examples for pegs that hold for many years.
After that everyone was waiting for intervention. Now we are almost at the point where the sentiment points to the peg break. if snb contiues to hover the pair just above peg, almost no one will be left to close longs after the "dear payment" for shorts.
And exactly as someone said before, there are many examples for pegs that hold for many years.