What?? EJ? I know a US bank bought a ton of EJ this morning and dragged Euro higher.. We will be a pain in the ass to foreigners one way or another so the answer is YES..
I would definitely buy Euro on a pullback .. the only reason it is going down is because there is dollar buying happening via ninja.. once that is over Euro should go way up..
There is monstrous support in my beloved EJ at 134.21 .. a break of this level targets much lower.. I have a SELL stop in EJ at 134.07 with a 30 pip stop and no take profit.. Clearly, risk was rejected today and to make matters worse there were major companies ALL posting worse than expected earnings after the bell..