Here's Why the Euro Spiked Today

The video tutorial explains the market dynamics when everyone makes the same trade, focusing on the euro's shorting trend due to expectations of ECB easing and Fed rate hikes. It highlights the euro's significant tumble and subsequent surge following an ECB announcement that fell short of expectations, demonstrating the impact of market sentiment and actions on currency value.

Describe the significance of the 'huge surge' in the euro mentioned in the text.

What does the phrase 'everybody was on one side' imply about market behavior?