Euro Drops Against The US Dollar For No Real Reason

The EURUSD just fell from 1.4365 to 1.4320 for no apparent reason as the Friday/End of Summer bonanza continues.  The low took out the low for the day and through the 38.2% retracement of the move up from Thursdays low. Of course the market has bounced back from those lows as the market remains in the hands of few and end of week flows continue to dominate.

I continue to warn that anything can happen this afternoon so be aware but also expect that the moves may be quick.  So be prepared.

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