We are actually at a critical pivot on the Euro. Would expect to see at least a reasonable bounce off this retest of the 1.38 handle. Regardless of the mid/longer term trend, we are way overdue for a retracement imo. Will be interesting to see how this plays out tonight...
It would have to take out maybe 1.42 for it to be a true break... it has this tendancy to overshoot at major levels like that. But I agree... would be quite a sight to see though I would probably lean towards the opposite scenario.
Quote:
Originally Posted by StockJock-e
If that Euro takes out 1.40 I will be damned impressed.
lol it spiked upward out of that tiny channel. But I still remember last Friday when we broke upwards and then back in the last 30 min so anything can happen at this point. I might exit just to be safe.