Easy come, easy go. EUR/USD rallied all the way to key resistance at 1.3970/80 before finally relenting. Here we sit, less than an hour later all the way down at 1.3915/20.
Buyers are eyed on dips to the 1.3910/15 area; look for short-term bulls to bail if we dip much below that level.
For Fibo fans, 1.3916 is 38.2% of 1.3823/1.3973…