Notwithstanding the spu having given back 50% of it’s
recent gains the Euro is at the top of my radar screen this a.m.
The price action is trying to confirm a possible short term top. A close below
128.64 is needed for that confirmation.
This is a big area..a close below 128.64 will put in an outside reversal day and give the
first sign that the relief rally in the Euro is over. You have a potential for a short term double bottom
and it is not a place to sell the Euro early.