I was thinking about going short, but naw, i am done for the day. Don't want to give up my morning profits.
I don't have my charts open, but looks like it is going back up toward 1.3. My guess is that if it gets back up there it could take off to the up side again.
I was in short mood for a few days, but have been long today since I got the news about better USD liquidity in Europe provided by ECB etc, easing lending for banks etc. I think I will be mainly long biased for the rest of the week as well. I did a small short above 1.30 on EURUSD and likewise on EURJPY, but was on EURUSD today for most of my trading. I thought it would halt a little at 1.29 today, and I was AFK (away from keyboard) for most of the day, so I was (pleasantly) surprised it had gone to 1.30. However, I think it has more upside. The EURJPY is more difficult, but always great for scalping.