We are buying another 30% of our short Euro position in by 10:30 CDT. This is London’s close.

We are looking for the end of this capital flow ( London’s Close) to lock in some more profits.

We have been in a pattern of Europe leading the directional flows again. After London closes the markets have been stalling and putting on reversals until the next European session.

All new weakness under 130 is needed for another leg down.

Again, given that the Metals and the Equities will be closed tomorrow, we want to keep our bets manageable, if we get a nasty surprise.