| Remember the SNB peg and all other pegs before? They never last, neither does intervention or talking currencies down, the market always wins.
The ECB fancy talking down the EURO, as they don't see how they will get out of the corner they are finding themsleves in. It won't work. The EURO is currently marching onwards and every cent causes the ECB more worries. When there are no aggressive toppy candles in play you know it isn't over so carry on the EURO. |
