Euro's on a downward trend right now. I wouldnt try to grab a falling knife, but who knows...you might get lucky
Looking over the Monthly chart Euro is currently trading near previous resistance, buy low/sell high is present + paired with a buy pattern I see upside.
Thomson Reuters IFR said they were looking for sub 1.34 6.18% fib target and then a bounce back up to low 1.40s... I think markets are more perceptive and with Q3 numbers close - they will preemptive the bounce. When Q3 numbers appear - especially watch EURJPY but also USDJPY - if any fear spreads to Japan, they might suffer too.
I am using 240 minute chart as a guide here, not looking for complete reversal of current down trend.
Nice +100pip spike shot in the EURUSD... Levels of >1.40 are very likely quickly. EURJPY shot +200 ... Approaching 1.38 now, and lots of stops were hit.
Angela Merkel talking to the Bundestag right now on the crisis measures. Lots of applause, but lets see the market reactions.