Spike EUR/USD at 11:57 ?!

Discussion in 'Forex' started by puretruth, Jul 1, 2009.

  1. What news caused the up-spike of the EUR/USD of about 70 pips at 11:57 ?
  2. Blew just over 1.4200. I'll bet a lot of shorts got stopped out on that one. Conspiracy theories.....
  3. stop loss avalange. Euro resistances + a few pips act like magnets recently, quite easy long. Think now it took out the final stops we might see a retrace during the next days, I don't see it advancing much further.