Can anyone explain to me why the EURUSD downtrend stalled out today? I think it might be because at this point there is no precedent for it to go any lower. It hit 3300 because there are always orders waiting at even numbers, but in order for it to gain the proper momentum to continue lower, a retractment is necessary in order to give the current longs a place to set stop losses so that they can cascade and permit a new low. If so, it would seem that soon it is time to sell again. Does anyone know?