Yes, I really appreciate your help in making me think things through. I am most gratefull for that. You really are making me clarify points and how I see trading. However there are many ways to skin this cat. The repricing risk is especially great around ECB intrest rate changes and the speech afterwards and at NFP so you don't want to be in the markets around these times. However I think it's almost impossible to outguess fundamentals (or 'funnymentals' ) and that's the reason one should stick to the technicals as they arise ... so it's not really necessary to find out what's driving the data as long as your charts make sense at least imho. And I am aware that this is almost heresy to some people ... but that's the way I see it ... Off to the dentist now ... with a bit of luck I am back in a big hour.