We’ve touched on this pair here a couple of times throughout the past year, as it falls under the category of “face ripper” in my books.
This thing can move “several hundred pips” in a given 24 hour period, and has the tendency to “literally” rip your face off if you don’t keep your eyes peeled.
If a person was “so inclined” to enter a trade right around now…oh I don’t know lets say “long GBP/AUD at 1.79 with a full 100 pips stop ( a single penny stop in forex terms) I glady welcome “the showers of thanks” to follow.
One needs to keep in mind …..you “could” get your face ripped off but…..
I think you’ll be ok….this time.
Kong, EURUSD looks to be in big trouble why are you trying to catch this knife that the ECB is experimenting with???
ECB has nothing…..this is not a “knife catch”….
It’s a no brainer.