So why am I short EUR/USD? Sorry I’ve got no real reason other than it appeared to be a good idea at the time. I will cover another bounce out of the 1.4830 area if we manage to get back down there again and leave my stop above 1.5010. Whoever sold yesterday in the 1.4990s (read China) in order to protect their 1.50 barrier will be buying back in the 14890s I would expect. It looks like we can expect some choppy sideways trade before either a top forms or the up-trend resumes. The EUR is also looking a bit soggy on the crosses but as Sam wrote earlier, there is still decent buying interest in EUR/GBP on dips towards .9050.