Up one day, down the next seems to be the mantra. The big guys have the market tied up and they’re waiting for the pawns to fill them in as the market reaches range edges. We saw them selling last week in the EUR/USD towards 1.3700 and yesterday we saw some big players buying EUR at 1.3430 and AUD at .7450. We don’t need a degree in market analysis to figure it out. Follow the wolves, not the sheep!
I got stopped out of my short term EUR/JPY play last night and now I’m going to sit back and re-assess.
Good luck today.