Suthmo - you're very specific with your ideas and a few hours ago you suggested 35 would be hit within an hour. Given that we still haven't got there, do you think your timing was just a little out or is it the level that is wrong?
I am long with a tight SL @ 45 figuring that it if breaks 54 then it'll target 1.2111. Therefore i also have a pending short at 40. Given yours and Gator's suggestion that 33/34 is the real key level then I'm likely to get stopped out on both my current long and then quickly on my pending short.
I do think it is going back up to 1.2218 where I'll reasses but likely short again from there, but I'm torn as to whether I should pull out now given yours/Gator's suggestion that the bounce will happen lower than here.