The market is clearly learning a lesson that being short below 1.3200 has been a losing strategy in EUR/USD this week. Therefore one of two things should happen in the next day or two: A run up to the top of recent ranges in the 1.3400/40 area or a swift move to the downside once every man and his dog gets lulled into complacency by the recent success of the “buy-the-dips” strategy.
This is forex, and it is the end of the year. Odds are we will not fall into quiet ranges. Odds are we move further and faster than most can imagine…. I’ m not sure which way it is gonna go, but I’m pretty sure its gonna move soon…
