It’s the land of the BIG BAR on the intraday charts today. 50-100 pip moves in a single minute have been seen several times today. It will only get worse as more and more players haed to the sidelines for good for the balance of 2008. Lord help you if you signficant bits of business to get done in the next few days.
EUR/USD dipped as low as 1.4185 on the latest pullback before springing back to 1.4250 in less than 5 minutes. They markets are most volatile at tops and bottoms. Based on the swings alone today, I guess we can start to call today a top.
