Wow! Trichet comment about European Central Bank to monitor the risk has resulted in bungee jumping action of EURUSD. I like it. Now I think, I am correct about fundamental and technical moves in the same time. EURUSD hit 200% fibonacci resistance level on daily timeframe, at the same time the day before was Osama Laden was killed, and followed by Trichet comment.
In last weekend, I predict that 200% fibonacci level on daily timeframe was the highest, and today I am correct. Sure.. I am smiling while writing this post.
Let see the chart, ++300 pips only for tonight.
I couldn’t be happier than this. Hope it will break that white trendline. Be careful, tonight will Non Farm Payroll news. I am expecting, a good data. A really good data.