The market is playing games
Skerdian Meta • 1 min read
Volatility is picking up. The US non-manufacturing ISM numbers beat the expectations this afternoon so the US Dollar bulls got excited and sent EUR/USD tumbling. But the bulls held the line at resistance around 1.1330s. Now the price is back up near 1.14. Meanwhile, USD/JPY has broken 1.10 but only for a few minutes because the price jumped back up to 1.1150. Looks like someone is hunting weak stops.
The resistance at 1.1330s held for the second time.