ha! It crashed from 1.2426 down to 1.2310 in a few hours. If you didn't capitalize on it, ain't my problem! fx
Looks like traders are feeling the anticipation of some more interest rate hikes next week. The Euro dropped over a 100 pips last night. I think there is still some more to the downside. All you Euro bulls need to switch positions and go short. Lets get some momentum going to the downside!!!
ha! you may be right. or, 1.2300 may be the breaking point, the interest rate already being priced in. we're getting some stubborn resistance to going any lower, right at the 1.2300 level. USD bulls may not have it in 'em to move the price lower.
I think it's the dollar that's uncrashing. Recall that the dollar denominated world was ending just a few short months ago.