OK, this is getting ridiculous.. how is EURUSD now over 1.42?? (4/1/11)

Quote from tradingjournals:

e/u at 1.4132. They were talking short at the latest bottom.:)

I bet they have now noticed that it has risen. A question that comes to mind, would it turn around after sucking them in?
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1.4132 was the top! Now it is at 1.4083 (50 pips in a bit mroe than one hour). .:)


I would not be surprised if those who recognize things in hindsight may have now noticed it. I would further not be surprised if earlier short sellers would cover on them for some profits.
 
Quote from tradingjournals:

1.4132 was the top! Now it is at 1.4083 (50 pips in a bit mroe than one hour). .:)


I would not be surprised if those who recognize things in hindsight may have now noticed it. I would further not be surprised if earlier short sellers would cover on them for some profits.
More...

They did it again. 1.4083 was the bottom, e/u now at 1.4210.:)
 
Thanks to shortie and to the moderator ES for the information. It was helpful.

E/U now at 1.4136. +102pips. Would longs take profits at this price? How deep would the retreat be in next 60 minutes or so (if there would be a retreat)? 1.4110?

Update: now at 1.4150 area. shorts seem to be covering their azzes. That is what can happen when average joe shorts the bottom.
 
Right now, EUR/USD looks to bounce a bit more (appx 200 pips)...back toward 1.45, with minimized risk of downside.

Seems to also be setting up for a Bull Flag
 
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