Yes, the Eur did make nice up move after the Fed's minutes yesterday, only to test the 38% on the fibo retracement @1.1316. How could we forget what Mario Draghi spoke about the weakness of the EuroZone and still have this major move?
I believe this is what we call 'White noise"! I shall try to keep my sights on the major news and forget all this none sense occurring at the moment.
I am shorting eur @ 1.1300, stop loss @ 1.1345 and a take profit @1.1240
Good luck
Trade closed: stop reached
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Good morning, Friday's European and German PMIs were higher vs prior and expected, thus, the euro florished like a flower in the sun. A loss of 45 pips on the scoreboard. On to the next trade!