Dislikedwhat you say is true except for this....what business does this pair have trading above 1.2600 at this very moment in time? Ask yourself that question....this market is presently (and has for the last week or two) defied any rational explanation.....again enjoy the "gentleman's gamble"Ignored
they are all about what the other guy is willing to pay for what you got.
simple supply and demand
nothing else