EUR just hits the target

This is the major resistance area that has been tested 4 times and failed, this is why bears are frustrated, at each test and failure they will typically enter short positions on the failed tests, yet the Euro and market won't cooperate, we have seen why in advance, but this is why the sentiment among bears is growing in to exasperation.

Now the Euro needs to hold above this level, if it can do that, watch out above as a short squeeze should follow and it could be historic.

More to come...