Dislikedohh shit, should we buy the pullback at 1.344x or did the bears just add at 1.347x??? {image}Ignored
Well dunno like the rest of bears but am overloaded as usuall. But anyway, got this thought in my head. This correction down from 1,38 imo started on market expectations when it realized Eur is overvalued and ECB is going to be forced to act by either cutting rates or LTRO. So we had a first stage of correction, and then ECB really cut it. Result was market plunge as imo it was too fast, they reacted sooner than market had time to price it in. So then there come flow of assets into Eurozone, which seems stable for the time beeing, which results in that channel we saw last week. But then goes the ECB surprised EUR went so high and jumps out of bushes, to remind everyone they are beeing serious and they go to neg rates. Lol? So even more long term traders reposition and we have another, though smaller plunge. Long term positioned bears seem to be happy but then Draghi again, spilling cold water on those neg rates, calling em uncertain. Well so imo now the market has these fundamentals to value a) they really cut those rates and need EUR to be lower b) they dont know what the fack they´r doing.
Now if I were market, I would be pretty pissed of and would be slowly ranging down, afraid the´r gonna change their mind.
T
"I know one thing, that I know nothing." Sokrates
I really hope for bad US data so that USD/JPY gets hammered
can be helped by bit of gbp appreciation also, so need eyeball on gbp aswell if she fails to drop and fly, could be nice clue and we could be in for a wtf moment or poop splatter moment 
