i never lived through a country leaving the emu before. from reading bloomberg, goldberg etc. i see they must have. chart wise i posted 1.4066 and 1.7 several times.. also a very decent shot at 1.58xx.. in its mofu atm just below q2 close. that month candle is a bad ass motha.. norm is atm 4066 st and 1.5877.. q2 closed above 3251. if there is one thing that can bounce the gu.. its a mofu and the attraction to 1.58.. i see all the bearishness the world talks about. i agree it looks bearish. i will also point out 1.58 retrace is normal pa. i cant say decisive it will go there. but since making that low. it retraced and closed above 3251 with a major q2 close after being below. i don't know if its a rejection. its worth noting especially after dropping so far. i am not discounting it or shying from taken some chances. if there is going to be a bounce, the pressure builds here.
those who can, do. those who cant, talk about those who can