I don't know how the banks could do this. This means that would also have to have a control over the euro too in order to hold the price there. After all the correlation is its mathematical one: EUR/USD*USD/CHF=EUR/CHF. That is always the case.
Regardless, the pair's next strong move will be north, so the banks are not trading to "rope" anyone in. Very firm support is between the levels 1.1951--1.1870. From that circa range it will produce a strong move north.
I'll be glad because then I can start considering this pair for a trade. A spread of 30-50 pips per week doesn't get it.
Regardless, the pair's next strong move will be north, so the banks are not trading to "rope" anyone in. Very firm support is between the levels 1.1951--1.1870. From that circa range it will produce a strong move north.
I'll be glad because then I can start considering this pair for a trade. A spread of 30-50 pips per week doesn't get it.
DislikedI absolutely hate when banks do this. I never trust these reports. They are obviously trying to get retailers long for some reason - either to defend their position to get out or rope more people in.Ignored