Psychologically, it’s a disappointment to see the EUR open up virtually unchanged. So far this morning the market has done a good job taking out the weaker shorts just below the April 4 high. Despite the daily charts up-ticking, the market and hourly’s indicate that price levels are stalling in overbought territory. Nothing fundamentally has changed in the past 24-hours. Big-picture politics even remain the same. However, the intraday techies seem to be favoring buying dips with tight stops. Knocking out these looping or loopy orders, depending on what type of ‘B’ your are, a bull or bear, usually is easy fodder for ... (full story)