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EUR/USD’s Loud Noise Causing Whiplash within the 1.4350-1.4450 Range; Breaking to the Upside

From fxtimes.com

UDPATE: As I was wrapping up this article, the market is breaking above 1.4450. So, let’s anticipate the rally towards the 1.45-1.4517 high and if we can close above that today. Still, be careful of volatile action below 1.4517. EUR/USD’s recent volatility has been high, but contained within the ranging context. If is watching soup boil through a transparent pressure cooker. The lid is at 1.4450 right now, and the fire is under 1.4350. If you were trading this range in the very short-term, you probably got whiplashed. Your broker might not let you enter the price you wanted or exit quick enough at the price you ... (full story)

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