September 2, 2014 | EURUSD | Retrace In Effect?

The bears have kicked A33 for the past 3 months bringing the EURO all the way down to the lower 30s, without much of a retracement. It wouldn't be surprising if the bulls took out a few bears in a hurried backlash, although for the long-term, I am expecting at least 1.30 to be hit before any significant retrace - but we'll see.

[Not responsible for any trades based on the premise of this idea. Trade with caution.]