Hello, guys.
After the initial fall in EUR/USD straight after the "higher-than-expected" US core CPI data, EUR suddenly reversed its course and had recovered about 70 pips to around 1.2630 in less than 30 mins!!!
It seems that EUR might go up again against USD!!!
can anyone explain this sudden reversal? Is it just another unraveling of positions?
Thanks
p.s. I've got to admit that I am talking about this change on a really small time scale less than 1HOUR~!!
After the initial fall in EUR/USD straight after the "higher-than-expected" US core CPI data, EUR suddenly reversed its course and had recovered about 70 pips to around 1.2630 in less than 30 mins!!!
It seems that EUR might go up again against USD!!!
can anyone explain this sudden reversal? Is it just another unraveling of positions?
Thanks
p.s. I've got to admit that I am talking about this change on a really small time scale less than 1HOUR~!!