Disliked.......I wonder if some one is selling this bothom here, daily looks oversold to me, it could retrace today if the banks open and people don't make a run for the banks, what do you all think? help here needed to understand this mess......Ignored
with Euro, GBP & Gold having already undergone a massive sell off plus the equity market showing no signs of acrophobia so far.. we may see the Japanese exporters close their fiscal year buying Yen & Majors vs the Dollar & Yen.. causing Cable, Euro & Gold rise against the Dollar & Yen setting off a round of short covering across the board..
so whether this probe below 1.28 is just an under-shoot or a full blown blast down to the sub 1.2650 abyss may be resolved as we approach Monday's April Fool day.. LOL.. (btw, another figure down to 1.2650 is also in my radar where I see massive interests for the Eurlow)
btw, COT Open Interest suggest Smart Money didn't participate in the recent move.. however, the decline from 1.37 may had been exaggerated with SM covering their massive profits as suggested by the drop in OI since 1.37..
more "Bottoms" for our friends..
http://www.forexfactory.com/attachme...1&d=1364437646