It always amazes me how markets can switch volatility off and on in an instant.
This morning, a garden-variety intraday oversold bounces turns into a trend-threatening rebound only to falter and die in no mans land in a matter of an hour. Funny, that.
EUR/USD ts treading eater now at 1.2278, eying other markets and awaiting the first look at May employment data tomorrow when ADP data is released.
