After the insanity of Draghi passed this morning, I glanced at my EUR/USD chart and was so shocked that I had the urge to strip off my clothes and dance naked in the front yard (I resisted the temptation, but believe me, it was strong).
The high for the day was precisely – TO THE PIP – where my horizontal support/resistance line was. It seems almost a statistical impossibility – – a pip is about the size of an atom – – but it's true. Even though I've been doing technical analysis forever, this kind of thing still fills me with a sense of awe.
