I'm not a currency trader. When I was referring to the "euro" situation, I'm talking about Greece, Spain, Italy, etc, not specially the currency which does play a part. That being said, euro currency has been declining so steeply, this momentary reprieve probably doesn't spell the end yet.
Do I sense sarcasm? Is it not secret knowledge and most of my posts are made in the ES journal where I`ve posted dozen of calls based on gap opens and gap fills. It`s technical analysis 101 and publicly available to everyone who`s interested in learning about it either here, in books or on the internet. It`s not as simple as gap down, then his, gap down, then that, flat open, then this. Gaps are part of the puzzle and they do matter, but you can`t make a trade decision simply based on the fact that we have a gap. Those who do, are stupid.