After tagging 1.47 the Euro has turned tail in the last two days and dropped to the 1.45 handle. Now that the US equity market has opened, it'll be clear within about 90 minutes whether there's enough buying interest at this level to provide some temporary support...otherwise, I think it likely that prices below 1.44 will be seen before the nascent decline takes a rest.
The ES is nearing a support level and the bottom of the declining channel. I suspect a bounce of significance will manifest in the next day or so. I intend to start scaling in some longs in the 72 area and several places all the way down to the 60 handle.
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