€$

The British economist John-Maynard Keynes once said that " Markets can remain irrational longer that you can remain liquid" and this about sums up where i am today! I knew that when the €$ rally/retracement came it would be sharp and brutal and so far we have seen reach 1.3730. How far will this go and what about the Eurozone worries...have they all evaporated in thin air? Price is aiming now at the green CL which would equate to approx 1.3930 but it would also run into the RL ( red in E-Signal) that stopped price go higher than 1.4280. There is no doubt in my mind that price has not yet finished this current retracement and will go higher but the whole thing could turn round very quickly. So far we have not even seen a 38.2% retracement/correction from the recent fall which will be reached around the 1.3770 level
( the fork in the Ensign chart is a Schiff)