The US Dollar

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The dollar plunged huge today (which pushed gold sky-high). In the world of FX, this kind of move made people rich (or broke) very quickly. It would be like Google going up $200. You just don't see moves like this very often. (This graph is the EUR/USD, which naturally exploded higher today).

There's a lot of room for the EUR/USD to ease back. I'd be a lot more excited buying into this market if the dollar consolidated back to about $1.32 on this chart. That would make a really beautiful confirmed saucer breakout.

That's probably it for me for the night. What a day, eh? I'm going to go decompress.