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Invisible Hands at Work in Forex?

Invisible Hands at Work in Forex?

5 Years ago | March 03, 2015 00:00:00

This is only a personal observation based on observing forex trading firsthand for over four decades. The behavior of markets from just around the launch of the Euro suggests to me that at some point there was an unannounced private agreement among major players to smooth forex prices through behind the scenes intervention. For example, back when the EURUSD was pressing the 1.40 level, the pair seemed to run into a stone wall. Also around EURUSD 1.20, the EUR seemed to encounter support.

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