The Bigger They Come, The Harder They Fall.

Salam,
Well, it was a wild, wild, uninterrupted, mercilessly powerful movement last night, and nothing was really standing on euro's way on the path to the all time high at 1.3667. I admit my mistake for not putting any trades last night.

Euro is so overbought right now. We traders know that even in the strongest uptrends and the most vicious downtrends, prices will temporarily break below higher lows or above lower highs. Price action tends to correct and retrace after those strong moves. So, on the same premise, in order for euro to reach its high, price needs to correct itself, retracing back to its immediate support before continuing any further. So, friends, by then, you know what to do.

Remember, the bigger they come, the harder thay fall.