After the plan-for-a-plan statement over the weekend in Europe, the huge volume rush to Euro confidence barely got over the 50% momentum crossover! Uggg.
If you can't find any more suckers than that, your fake rally is not doing very well(!) Nice try though.
We see a new channel for our tech clients, much more steeply negative than the one last week. It could start as early as tomorrow or as late as the G20, but it is a steep downer (now that there are a few upward candles to draw downward from...) Get ready to massively short euro/usd on the recent French pop.
At the end of the day, only massive currency printing can "save" those banks. When that happens, we all need to be on the better side of the nasty trade.
