Technical: There was a spread widening around the more recent low. The pop I assumed was from late shorts funding a ralley.
Trade: I'm Fading this shove long at the EMA.
Thoughts: Channel overshoots hit their targets in a direct move.
Thoughts: And EMA is causing me to lose some faith in hitting my yellow target. I'll take what I can.
Fundamental: ECB's Weidmann claims the euro isn't overvalued which is being attributed to this ralley. http://www.forexfactory.com/news.php?do=news&id=409696
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