Disliked1.3800 = line in the sand. Short for me. I don't understand why everyone is buying Euro in times of crisis. This seems to go against everything we know. Only a short time ago, people can't wait to sell it off.Ignored
The big boys have been accumulating the euro for weeks. As others have mentioned, something is up, be it a plunging USD (read: massively shorted USD), debt diversification out of USD, etc. I don't believe smart money is ready to go short on the euro just yet. Correlations are breaking & changing, and we are into uncharted territory.
Remember the market can stay irrational far longer than anyone can or should be in drawdown.