EUR pairs quickly reverse....Markets are "wonky"
I can stop a market with a single post....(see post from a few minutes ago)
The EUR pairs have suddenly reversed as soon as the post went up....That tells me, that "the market" is a bit wonky. And as Ryan correctly pointed out to me..."It was always going to be crazy. Wrong time of the year for such a big event like a US rate hike...". I get it....
The EURUSD moved from 1.0870 to 1.0830...PS looking at the clock, the 4 PM fixing may have something to do with the moves as well.
The point is....It is Dec 17, the end of year position squaring in many markets will be in full swing. That may bring volatility. It may also bring a holiday calm. The riskier is the volatility. So traders need to be on the lookout for these types of moves.
