This is a strong downtrend, but the threat of Swiss National Bank intervention has kept me from looking for selling opportunities on this pair. While a central bank cannot change a trend, that intervention or even the rumor of intervention can cause some serious short-term volatility; enough to stop you out of a trade unfortunately. So even though this pair may be in the strongest trending move of any currency pair, traders should be aware of potential intervention when in a trade or just avoid this pair until that threat subsides.
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