Following up on the EUR/USD post from yesterday, the pair came down to the 146 point last night and bounced pretty hard, making new 12 hour highs and putting a hole in the little hourly downtrend that we've had since making daily highs around 148 a couple/three days ago. So...1.46 maybe? After the bounce & punch, we came back to the first fib level of the recent swing upwards and bounced off of that.(146.35ish? <-- Sorry, I don't have the charts in front of me!)
So. 1.46 is what I'm watching right now. The markets look like they need to make a move soon but granted that we're coming down to the end of the week, we may just drift around the next 36 hours and let everyone digest the week's fundamentals over the weekend.
Still no trading, just having a bit of fun following the EUR/USD around. Also caught the U/J, would like to short this thing as well but that's more or less a "feeling" thing, especially with all the news flying around these days. I've not quite forgot my 2% loss with the U/J a couple of months ago...ha, definitely didn't forget that.
Good morning :)
