This pair was trading below 99.00 earlier this morning and has enjoyed a massive intraday rally.
The 38.2% retracement of the 105.40/98.70 fall comes in at 101.25, right where we are currently trading, so I’m trying a quick intraday short position; let’s see what happens.
Edit: Stop in place now at 101.65, keeping it tight in these whippy markets.