• After doing it’s best to trigger stops on the downside, EUR/USD snapped back sharply and triggered topside stops;
  • A large buy order on the futures market seemingly triggered the mini-stampede;
  • Goldman Sachs issued a sell recommendation on this rally with stops above 1.3900;
  • Personally I feel that we will get some extended and possibly whippy consolidation between 1.3650/1.3950 before the next topside move eventuates.