Yesterday , we witness a fantastic Intervention feast by a central Bank BUYING the Euros and supported their pre set limit 1.25000 (Euro/ USD.) till market close .( 350 pips within 8 hours )
This Intervention act has altered the landscape of the Euros Crosses temporarily, But how long the Strength of Euros can be sustained at this level is yet to be seen,
History tells us that artificial Intervention cannot work if there are no Fundamentals to support it. The SNB failures to stamp the appreciation of CHF is a lession to us all.
Fundamentally, the Euros is still BEARISH near term , and the Euro Currency Structure remains unchanged..
A Review on the latest development will be posted here prior to upcoming Euro session open, ,, especially in relating to the Release of the important US's NFP report.
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