Maybe this won't be a boring options pin day after all, I've been waiting for an options expiration that shakes things up as the pin has become boringly predictable.
Take a look at this move in the EUR/USD on the US open.
Quite a volatile drop in the Euro and rise in the $USD on the open...
In red is Wednesday's 4 pm close overlaid on the EUR/USD, if yesterday's Euro strength was the market's catalyst, which appeared (Euro strength) on no news, I wonder what that might do to today?
Confirmation? You bet.
The Euro 1 min confirmation and even leading negative!
The opposite rise in the $USD (This is not good for equities or commodities or almost any risk asset).
There has been a larger negative divergence in the Euro since the accumulation of the lows on the 10th, even this 5 min chart is confirming the move down and it's very early in the day for a 5 min chart to do that.
The 3 min chart confirming and even worse, leading.
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