Intraday volatility is sky-high as ERU/USD rebounds from the 1.2960s all the way back up to the 1.30-teens as the arlier seller of EUR/GBP com[pleted his interest. Short-term specs are being chopped up like vegetables amid the hairy swings and liquidity is drier than Scottsdale as a result.
Keep an eye on 121.00 in EUR/JPY as the next catalyst for the markets while 1.3085 is the key for EUR/USD.