As we can see, this new week is, well......weak!
The Market Makers did hike the price above the half number again (PVSRA: using the hikes to accumulate more short orders), but with a shitload of EUR high impact releases nearing, they are running out of time to sucker in longs and stop out shorts. Still, with another head fake up to the the upper whole number (maybe further with an aggressive whipsaw), the MMs might successfully coax more longs to the slaughterhouse while decapitating more of existing shorts.
Where Else Do You Get Such Colorful Analysis,
-tah