I am now fixated on the hyperbolic move in the euro and it seems like a move that will revert back down after today. Many hedge funds hate to hold big losing squeezing positions over the weekend. Thus, I am looking for them to capitulate on their euro shorts during the US session. This should provide a great short entry for a quick down move. I am not a long term bear on the euro, just trading a short term technical setup here.
P.S. - I did get short a little ES overnight. Still looking to add more short around the open.
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