How often do we see that scenario play out, the one where the market moves just far enough to pick the sweet, low-hanging fruit of stop-loss orders placed just below obvious technical support and resistance levels. All the frickin’ time, but traders still put their stops in the same, easy to flush spots again and again…will we ever learn?
EUR/USD is not roaring higher but has rebounded into the low 1.4980s. 1.4915/20 remains crucial near-term, as does 1.5150/60.
