currently:
Heavily manipulation
the only plays are real quick scalps toward mean reversal in small 15 min consolidation nodes
-and-
intraday trend with a wide stop
support @ 1785... more likely a target
Use fibs
becareful of breakout/breakdown plays as the moves are going to be truncated.
Also note: looks like unwinding long positions
All algo and no human volume
and if you didn't realize, you are actually trading the US dollar inversely.
Re: Becareful EURUSD intraday traders
3USD Antipodean sellers good bet to hold till end of US session