Operators' intentions read by 
The way EURO and GBP are making big jumps in levels and dipping big alternatively to the upward stop hunt indicate that the rise was unexpected to many and were doing short covering of big positions.Institutional players are doing the short covering hence such jumps the market is making.Big players knowing well have rised big for the othetr big traders to to do forcible short covering.The players are mighter than the instituyional players.\The huge drop they made last month in EURO and GBP was also to trap them big when they were bullish and accumulated more and more positions.Money management is a must from small to large traders only then they can trade and survive in the market.
The quick drop was seen during late Japanese and early European sessions as expected and again the firming up move from low was seen in Euro and GBP.They are again to make another drop during late European and early US sessions and then rise more.These are expected moves only and may vary- so use your other analysis also to decide upon your trades.
Regards
Dr,Sivaraman