Yesterday night the Euro buckled and fell like a brick. Then today it went up, catching all the shortists who shorted the Euro last night. Spotted the bullish pinbar before the big rise? That's the indication of a reversal.
The same goes for Euro vs Yen. Look at that, pinbar on the support.
It has been very volatile these few days but looking into the daily timeframe. The Euro vs Yen is still consolidating, being rejected again and again preventing it from moving up above the resistance. It's waiting for some important data or news to break up to new heights.
