Traders, friends and trolls I am addressing this message to dollar bears and eur bulls. Put away your RSIs and your fancy indicators for one second. Think about what happened and why EU fell, (FOMC policy) amirite? Now you may say "HEY GUY THIS THING CAME UP SO FAR SO FAST, F YOU! We're going to the moon." Well, I'll leave you with a theory of smart traders who would like to minimize their risk by taking cheap positions. In the case of EU is exactly what will happen. EU retraced to pick up late bloomers. We may consolidate around the current level until there's enough sellers but disagree with me or not but EU is going down.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"