Remember just a few short weeks ago the persistent selling in the AUD/USD around .92, they certainly got that one right. Earlier this week Jamie reported that similar players or smart money as they’re known in the market, were busy buying EUR/USD at 1.2175 when the rest of the world was selling. It’s always the easiest time to cover a large short, when everyone else wants to sell.
EUR/USD may look a bit ‘toppy’ at times today but I’m going to avoid the urge to sell for a quick 40 pips as I know that those clever enough to have sold around 1.40 are now taking their ‘easy’ winnings off the table.
