The Euro-Zone is still alive, or is it?

Hello everyone,        after being out of town for a spell I'm back.  And just in time to watch the Euro rally on Thursday after ECB President Draghi makes the comment that ECB will do whatever needed to preserve the euro.    So now we'll just have to see if he makes good on his word and the ECB steps in shows us the money.  


Todays move was significant with the Euro making all the way up to the 1.2328 level and dropping back and holding in the .2300s.   If you caught the move you made some nice cash with the Euro moving 211 pips but the real mover was the Gbp at roughly 250pips up.  Wow, what a day!  Watch heavy resistance around the 1.2313 area for a push further up and the possibility if there's strong momentum to the downside and we break 1.2255 we'll head back down.     Not allot of news for our Friday, but watch the markets as they'll get thin around mid day when the majority of the market makers will be having a martini lunch and calling it a day.


 Have a great trading day!