The EURUSD is reaching back to its late March highs today after breaking above 1.0990 on Wednesday. Thursday’s 100-pip rally looks impressive, especially when you view the five hours between 8 am and 1 pm EST. However, 1.1080/90 was always likely to attract sellers. I pointed this out in the member’s area at 1 pm EST when EURUSD was trading at 1.1078. As of this writing, buyers are holding their ground relatively well. But keep in mind that Friday the 29th is the last trading day of May. Those who bought EURUSD at lower prices may look to head for the exits before the weekend. And although I don’t expect anything ... (full story)