I have a funny feeling that Euro and Pound is going to break down soon. The Swissie looks to break up. The reason is because of that weird spike we had at the US Open today. That is a classic bull trap on the Euro and Pound, and a bear trap on the Swissie.

They sucked in all the buyers on the Euro when it broke out of that triangle to the upside, and probably cleared a lot of stops of the shorts. Then they reversed it back, and got all the longs trapped. The most damage now would be move down below the support it is currently sitting on. But if that support breaks, it will break in a big way...so I'm suspecting they will move the price down and back up to scare the longs into closing their positions.

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