News came out tonight on US jobless claims are up, and the EURUSD falls? Is anyone willing to provide insight? An hour before the news, the uptrend had reversed (you can spot a sexy pinbar bouncing off R1 on the 1hr TF). I’m guessing the EURUSD continued to fall in spite of bad news for the USD because sellers were hitting tight stops setup by news traders who went long.
edit: okay, I’ve observed that the EURUSD rallied a little later after the news. Would the down swing be an example of a Judas swing?