- After NY opened, the data at 10am were not bad, plus a positive core CPI, the price could have fallen if the traders really were bearish at that point. But nothing happened.
- But the price didn't go up either, instead sideways around 076x.
- It seems NY doesn't agree with London, wants to test 085x as well. But there might be some buy orders at 073x which NY wants to fill.
- In a word, NY is waiting for London's last try and then go home. After that it will test the 085x level, and potentially break it.
- Imho, it is all about the market wants to position at a higher place before good US data keep coming out (they say Q2 should be better, but who knows). I think the next way down will do the parity thing, and then after that...would be hard to pump up and dump again...which means limited revenue...
Feel free to comment. I'm totally open to different opinions.