Not really sure which/what you mean here ...
I'm still trying to find my compass post-Trichet. Thought I'd post only because
1) This euro (and all yen crosses) move started after 9pm EST which is an almost guaranteed dead time, since the majority of Asia moves almost always happen 7pm-9pm
2) The recent high was breached in the process (43488) - which rarely happens in Asia
3) New high of 4372 created (which rarely happens in Asia), so taking out some stops and (so far) parking just below more 4375 stopsAll very...
Sorry, I had to leave starsucks, and go back to wholefoods for the wifi.
Below is my daily chart regards to the NS. I apologize for the confusion. I hope that helps.
Sounds like my chart has a different time zone.
On my chart, although today has just completed more than half its run, yesterday's day bar is becoming a no supply bar. Today's asia tested& CLOSED above that bar on all major time frames.
1) It is true that asia open has a rare movement this huge. Likewise, it usually strengthens the dollar. Money don't sleep, asia probably got in the trade late since they are total opposite timeframe - Shutdown, japan, credit increased by over half of estimate in banking. LOTS and LOTS and LOTS of dollars are being spent.
2) 1.43522(Aug 6 2009)/1.4365(Jan 5th 2010) are very important closes. Those were the numbers I was looking at during asia. Those were the down bar tests on high volume, and I used those as background tests. Why? Last week and a half, I pointed out strong background being tested and closed/confirmed at 1.41586 on the highest week of march compare to may 2009, which we will be seeing 1.4331-1.4500 the end of march/beginning april, and several people here didn't think that far off of a date would be a good benchmark. I put my theory to test, watching/eyeing the smaller time frames closely, and patiently enough, so it has done me well.
3) To me when i saw pa tested through 1.4242 at asia's spike, there had to be lots of dollars being held back, thus pa resumed above 1.4260. 1.4242 never got broken through. We've tested 1.4260 after testing as a spike to 1.4242 more than three times, and still closed above 1.4260.
Sorry I am blabbing on. I hope I making my self clear, and I hope this helps.
Thanks to some of the gurus here, I have learned a stub load of info in just about couple months, and made some mad pips this month.
1.45 next? Makes me wonder when Trichet might start feeling real world pressure on what a high euro really means to his constiuents ... oh wait, he doesn't live there and could care less about the serf's problems. (Sorry, just feeling sarcastic after their rate raising shenanigans. 
)
