Disliked{quote} I noticed this many times. The market makes up its mind before the news.. If the news is unexpected (in this case no taper), then it spikes up and then it comes back to where it started and continue with the initial direction. If the news is expected, it just continues.. Tomorrow we'll know more. As to your question, there's nothing between this level and 1.41 on the weekly chart.Ignored
Thanks guys for replies
Here is my thought process.Feds not doing anything is reasonable to expect considering our unemployment numbers are virtually the same and economy is same as well few green numbers on retail but during Christmas time its expected.
On fundamental side Feds know they can't print endlessly that goes against any sane economics so taper could be 15-20b reduction not dramatic but enough to satisfy tea parties.I have been fooled before on Feds talk of taper and still not convinced if they have the fortitude.
My dilemma is I am short on Euro and Long on Swissy and debating weather take the risk or close present orders as loss.
Tough position for those who are already short.
Regards
In trading, you have to be defensive and aggressive at the same time