There is significant support around 3950 and it was certainly not easy getting past there on the way up so it could result in a reversal if it is strong enough or the bears too weak.
There may be a reversal but you are also correct in saying that there is considerable risk of taking a long here.
As to the fundamentals of the situation of USD and €. It is almost laughable that we are trying to rate who is the weakest among the handicapped.
good luck is all i can say ....
go look in my thread today where we entered eu sell 4100 and gu sell 6060... no hey look at me after the fact
If I am not qualified ..then you stand no hope lol
One trade does not make a trader... go back and look at some of my posts.. you will find time and time and time again I call trades before they happen , like the long off 1.4017 for 1.4080 target eu , and the long 1.5980 for target 1.6060 gu last night before bed in triple tap and vsa with maclolmn thread.
This week has been a killer for me and my...
cause i am a nice guy here is my 4 hour
no demand on 2nd top .... 1st breakout in asia all very suspect
Looking for potential move back to 1.4000 maybe even just a little above that to draw back in all those hungry bulls.
Then we may see selling down into 100 or 161.8 fe....
If you see any up move with ultra low vol on a 30 min right around 1.4000 / 1.4020 get the hell out of your long .. it is called a no demand and is MAJOR sign weakness. ...
so that is the play I will be looking for next week
good luck on your long ...slight up...
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you are crazy today. 
how many sardines did you get.
20 + 18 + ... = > 100 ?
And cha-chin, not 4200 but yes 4150 and 4110 to eternityyyyyyyyyyyyyyyyyy
got out now to much for one day see you later guys, I'm going for the miller lite
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you had a different post where you told me many scalps today.
i'll look for it
