A fishing analogy for FX trading- Check out the EUR/USD again right now (corrected)

Here in the UK a lot of inland fishing waters have what is known as a Catch and Release policy. That means whatever you catch you must put back alive into the water. Well, in the FX game there is something pretty similar, so let me explain, in reference to earlier updates on the EUR/USD. So, as reported on earlier, there was a big buyer at 1.1290 and that buyer managed to hold the Euro at that level. The subsequent rebound back to 1.1315 could arguably have risen further given the immediate news breaking around that time. However, it seems the big buyer earlier might have used that rebound to offload all the Euros they caught earlier- ergo a pretty similar Catch and Release policy if you want to see it that way. This happens a lot in this game, but only players with enough clout can trade like that and they want to keep all their actions very covert for reasons which should be obvious. Well, what has unfolded since has seen the EUR/USD fall below 1.1290 and not long ago set a new low on the day, at 1.1285. Now what these big players sometimes do is  stand aside when the price falls back to 1.1290 again (as an example) and then charge back in a few points below that level and repeat the same tactics. This catches rival players out and wrong-foots them. Look there is no guarantee that is what happened today, but could have. Even if that is not the case, this is an exercise in helping you the retail punter better understand the nuances and workings of the pro market. The EUR/USD is right now back above 1.13 again and so there you go folks