If we examine the market closely this year, we will find that banks are exaggerating in stop lose hunt for important levels before the market switch direction, for example usdjpy correcting and correcting before going up again, another recent example gbpusd in the last stop lose hunt of more then 7 days reach 1.6820 burning all stop lose on important levels... now today is the turn of eurusd damaging 1.3740 and looking to damage as stop lose hunt level of 1.3890... which make bankers aware that above 1.39 huge number of sellers will be selling eu and they will be with heavier fall... on the other hand falling between these 2 levels will be a good trick for damaging a huge number of buyers and some greedy sellers... bankers can maneuver between 1.37 and 1.42
Forex