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Good luck mate. That is a ballsy call especially to hold it over the weekend.
I think it is going to gap higher on Monday morning with the start of the Asian session. Everyone is itching for a proper retrace after falling the entire time in May and given the nearly 150 pip rise from the low of 2290 on Friday I think Sydney/Tokyo will be mostly short covering. London is closed Mon & Tue so volumes will be low.
Keep in mind any sort of announcement of co-ordinated central bank intervention or change in euro policy over the weekend will also have shorts running for cover.
who were the buyers 16 minutes after the open, massive net buying from 1.2288 (buyers not allowing sellers to touch the resistence) to 1.2362 in less than one hour?
china? ecb? same as defending the resistence around 1.30.
noone believes that this is a turnaround. that is when i start thinking about believing that it could be a turnaround
if it does not hold the pivot 1.24 i will sell again. if it continues moving to the resistance i will start buying and sell a few ticks south of the resistence.
southern europe has problems but the dollar is doomed. worthless.
The chances of anything 'co-ordinated' happening in Europe over the weekend are slim to zero. Remember the Germans like a weak Euro for the sake of their exports. I guess the French president is a bit unpredictable though.
You can discover what your enemy fears most by observing the means he uses to frighten you.