EUR/USD, are you surprised with this move?
For sure I am not! I wrote before two days in my EUR/USD analysis that, something like this will happen and that the stops are in danger in around this level, above the technical strong resistances. After the NFP data was out much stronger then expectation, many of the small retail traders tought that the US dollar will benefit huge from that, but that was only the trigger for this move. The big players decided to go lower at first at 1.0900, after witch they have turn over the game and boost the euro stongly up in a sharp moves to 1.1026, back down again to 1.0960 and then again up to daily MA200, with high of 1.1042. This was a fantastic move, although I know that many of you are screwed today. It’s not only a matter that I was wright about this, but I am trilled on how they have ‘played’ this move, exactly how I pointed it could happen in my previous analysis. Well, this is the price you have to pay anyway for the next time. I just hope that you have learned something from this. Enjoy you’re weekend traders, next week could be excited as this one, maybe more. I can’t wait. Btw. It’s not easy to analyse now, I will wait for the next week, until the dust settles. 😉