For those who missed Friday nights goings on i thought it appropriate to include a couple of 15 minute charts (Majors, Crosses) this morning to give us an idea/remind us that it wasnt all a dream (nightmare for some perhaps?) and that it did actually happen.
As for initial direction this morning, i really dont have much feel yet and usually try and close my eyes and not look at what happens in Asia on Monday morning and wait for real market to start (when London comes in).
Despite the moves on Friday night, most currencies traded within recent technical levels, with the EURUSD being an exception to this as it blasted its way back above 1.2700. I have to agree with Sean’s trade of the day today, because while the EURUSD is above 1.2700 you buy it with a stop below and while it is below it, you sell it with a stop above.