Talk about a choppy day in the EURUSD.  Since 11:30, the EURUSD has moved up 100pips.  One would assume that London fixings had a hand in this run up but that only accounted for 30 pips. 

The 5min chart below also exhibits 2 equal bottoms forming a W formation.  It felt like I was on one of the boats in the show Deadliest Catch maneuvering across the choppy seas.  I wouldn't be surprised to see EURUSD end flat for the day at 1.4156, more to come on my daily wrap up after the markets close. 


Source: Chart by FXCM