Good observation. However, I was looking at the open of 072908, which is 1234.75 to be exact. As for tomorrow, I would like to think we'll touch 1230 (most likely in the premarket hours when volume is lighter than air).
There is extreme sentiment, but that doesn't mean we don't head lower. Just calling it how I see it. In the meantime, I still think it could happen.
depending on where we close we should get a retracement bonce tomorrow followed by a downward continuation. They will probably credit the move based on some made up bullish news.
Stopped, Todays correct strategy was scalp short any pop on Euro. stop moved to 1888. I hate todayxsaction.