Sean often counsels readers to avoid markets where intervention is taking place. Wise words from a wise man.
Whether or not the move from 1.3750 to 1.3900 was engineered by the SNB, they have been an active presence for months, giving traders the opportunity to take a pass if they were looking for placid trading waters.
Here we are, only hours removed from the 150 pip jump, trading essentially at the levels where the move began…
