EUR/USD, ans most EUR pairs have been in a sell off for almost 1 full month. Many of us have been trying to predict bottoms, only to have them eaten by the pip - monster. Today's high, nor today's low was predicted by anyone here, from what I have read. The move has most certainly been a surprise to both the long and short side, but don't take this pop up as a sign of strength for EUR. YOu better believe "smart money" will begin taking profits, in which today's low will be retested more then likely tomorrow by the nfp move.
I am aware that many of us don't look at NFp AS AN IMPORTANT market moving event, but fact remains that EUR/USD, er/jpy and most usd pairs have a higher daily range on the first friday of every month (NFP) That would suggest something wouldn't it?
I am aware that many of us don't look at NFp AS AN IMPORTANT market moving event, but fact remains that EUR/USD, er/jpy and most usd pairs have a higher daily range on the first friday of every month (NFP) That would suggest something wouldn't it?
Ever thought about how much money you could earn wagering against yourself?
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Probably I will add one more below 50. {image}
