EU - where is it going next?

Quote from Steve:

You may be right Contra.

It's too late for me to move my stop further away (would make the risk unacceptable), but if I could - I would've moved it to 460 (low after that big move on 18 Sep) or 450 (100% Fib)

However I'm bullish if it doesn't go below 480 (last dip on 9 Oct)
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I hear you... Mostly the action was in yen last week, EJ flows having some to do with the moves, and they called for agency stops above 3565 which got hit then it dropped at the trendline right there. ECB's Nowotny talking down Euro saying it's having an impact on exports in southern Europe which was to be expected for weeks now, and that did hit it a bit.

It does look like bulls still have a hold but they couldn't take it much higher after Draghi then I don't know... I'd think we might have to take out some lows first would be my guess.
 
Every time this thing gets above 1.3850 or so, back down it goes.
It's like the game "whack-a-mole". It keeps getting whacked down on every jump up.

Ominous for the bulls I would say.
 
syswizard said:
Every time this thing gets above 1.3850 or so, back down it goes.
It's like the game "whack-a-mole". It keeps getting whacked down on every jump up.

Ominous for the bulls I would say.
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Agree with you Syswizard - ECB may do some serious whacking (at least they are considering it)
 
I don't know, I see them spiking Euro higher this past 1.40 and calling Draghi's bluff. Lots of talk and no action. It is almost like when someone says, DO NOT CROSS THIS LINE, then inevitably the prices moves to that line and puts a toe over it to see what happens. It is like a challenge.
 
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