Euro FX After G7

The meeting is a damp squib, not only did the gap fill during Asian trade, but the Euro is now UP on the day.

Even the Yen is hardly responding. Japan got the green light to sell as much Yen as they can, and the currency is only 40 pips off its 3 year highs from last week. As far as the market is concerned they can sell all the Yen they want, the market wants to buy it here!

The pound is also rocking against the dollar, now at 12 year highs. IMO 2.00 is just a matter of time.
 
I posted before and said the "month of Jan" but I meant the month of Feb.

This could be "it." The really BIG level to test to the downside is 123.50 range. Lots and lots of sell stop orders resting there.

The cash FX market knows this.

We'll see.
 
Yes, it certaintly will -- the market is the boss and I try to follow. Like not fight it. My Daddy raised me good.

Yes, sir ......yes sir.....
 
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