Update on Euro

Yesterday we got a mild sell off on the general markets as the Chairman of the Fed, Mr. Bernanke talked about the steps being taken with QE2, cooling off plans on further Govn. stimulus. The Dollar rallied, and the other 'risk' currencies, such as the GBP and the Euro saw a sharp drop. Im quickly updating the path i see ahead on the Euro.  On the recent Euro charts, my estimate for a rebound zone was the 1.4240 area. I am still a buyer at that level, but fine tuning the chart today, i think we could drop to 1.4212. Stops, are a must! as always.