- EUR/USD spikes up post-ISM as most components weaken
- Pair tests offers 1.2840/50, stops touted just above, if hit door open to 1.2870/90
- 10 & 200 DMAs, Mar 26 high & channel top off Jan high all reside in that zone
- Close above 1.2890/00 may see bears gets squeezed further & begin to cover
- US jobs data Friday an added catalyst for shorts to lighten up
Trade smaller than rational because the market is irrational...