Stops hit.  Ah, well...

We're seeing quite a bit of volatile movements over the last couple of hours...for now, with stops at breakeven, I'll leave everything alone and see if we can get some movement downwards as the EURO markets open in the next couple of hours.

+95points, moving stops to break even.

Short EUR/USD @ 1.356

Above gives a breakdown of Thursday-Friday's action on the EUR/USD and how my short, based on the break of channel, played out.

Below, I'm taking a quick look at the fib levels from the top of the (now broken) channel and the recent lows. After making the new lows, the pair retraced back to the 38% level and stopped. This level will be a good one to keep an eye on as price may continue lower to retest/make new lows or break through the 38% and see some serious retrace upwards.

Have a good weekend.