I pity the poor guy having to quote EUR/USD for a living all day on a day like this. NO rhyme or reason…One minute it’s risk on, next minute it’s USD strength…At the end of the day, we’re going no where fast, but taking people’s profits with us.
I’d avoid EUR/USD for the time being and focus on “cleaner” pairs. USD/JPY is a fairly straight forward proposition today…
Bernanke is the key going forward. Many traders are expecting the Fed to lay out a road map. The fear is that he gives us only a satellite photo, where the market is left to make lots of interpretation on its own…
