Yeah, and given the wee bit of Gold buying yesterday, usually USD negative…
There were some guys commenting yesterday that Eur/Gbp was not making a new high whereas Eur/Usd was reaching on up. They saw this as negative Euro, (some even shorted) and since this thread is on indies,Oscillators were likely diverging suggesting a fall off in momentum.
That’s the thing about indicators, the market has to be thought about - good chance there was a drop in momentum, for two reasons - 1) UK bank holiday yesterday and 2) Traders were waiting to see what would happen when Eur/Usd hit the 2000 - NK gave EUR/USD the boost to clear out any stops and add in new buys.
Anyways, Bob is right, it’s all down to the grey stuff, now checking out.