Technicals were ahead of fundamentals as usual
http://www.traders-t...?...=143145&hl=
EUR/USD 4 hour charts has given a buy signal. Daily is close to a turn. IF the daily turns up on Euro, then the fiscal cliff scare trade is over and the reflation trade should resume across all asset classes. Keep an eye on the Euro. That will be the first to turn up.
That was 300 pips below.
