1.3911 the low so far.
I guess Mr. Market is not expecting any QE3 talk from Gentle Ben…More likely, confidence in Europe’s ability to deal with the intractable Greek debt problem is receding even further….
A break of 1.3900 , which roughly the 50% retracement of the 1.28601.4940 rally should accelerate liquidation of EUR longs. We punched below that level back in July but never closed below the 50% Fibo…
1.3838, the July low is the near-term downside target.
