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To make this exciting I'll play the contrarian, I believe we'll see 1.3777 printed BEFORE we see 1.3547. How's that fellas? I don't think the "buy the rumor" is over yet, I think we'll have to wait til the GDP# comes out. I just see to much going on around 1.3600 thru 1.3630 I think the MIGHTY EURO will be supported here and stage a run to break 1.3700.
There's a lot of meat on the bones of those shorts from the end of last week and first of this week, and even a touch of 1.3700 will bring traders that thought they could take today off (Rosh Hashanah) will come running back to their desks.
I also believe at the close of European trade prices will hold ABOVE 1.3730 (I'm EDITING this # I meant to type 1.3630)
Trendline break, 123 formation on 4 hr......German vote, USD GDP positive......so expecting 1.3720 first today then 1.3840 tomorrow..... Reverse if 4 hr trendline breaks at 1.3575 to downside and 123 pattern negates.
