EUR/USD, that is. We’ve has a number of 30-40 pips spikes in the last several sessions. Friday afternoon we popped on very little and Monday afternoon turned into a grinding affair to the topside. Here we are, spiking to 1.3080 from just below 1.3045 on nothing in particular.
I guess the market’s default position is short with a tight stop. It keeps rinsing and repeating but booking small losses each time.
