Euro rallied quite a bit after the close jumping 50 pips from 1.4650 to 1.47 in a couple of minutes.. i jumped in on the move when it fell back 1.4680 -- there was no news or anything of substance but just made a spur of the moment decision to buy.. didn't even get a chance to think through my stops or put some logic around the trade was out 2 minutes later.. had to step out for dinner just got back and on the heals of the Australian CPI number it rallied to 1.4710 where i took a short for 5 pips.. as I write it has come down 15 pips so was a little quick on the trigger.. planning to re-enter long side if we get to the low 80s.. think alot of people missed this move and will be looking to re-enter but turned off by 1.47 so will join them for the ride if given the chance. so as I was typing just took a short from 1.4693 exited 1.4686.. continued move to 1.4678 but i got greedy and din't buy want to get closer to lower 70s now.. ok just took a long 1.46795 will stop myself out somewhere in the low 70s
exited 1.4682 -- Edit: feel like big move coming -- not sure if up or down can make arguments for both ways -- so stepping out and re-evaluating
on the plus side -- back at the base of the rapid rise might encourage buying / short covering.. not a lot of participatin on the down side -- big move up with no logic -- day ahead of fomc meeting might be good place here to unload some of longs profits..
upward trendline from earlier today around lower 60s depending on how you draw it -- will take short if we go back to 1.4680