I will wait for a clear sign of a retracement before going...

I will wait for a clear sign of a retracement before going in.

Traders expect ECB to cut again in January.

Admittley I havent been going long that much as like many others believe this rally will not last.

I could be still saying this when it hits 150-160?

Hard to pick as traders now short covering and current level 144 has been tested and held so far.

Some more EU data due to tonite but also some US and the more terrible news out will keep inflicting weak conditions on the Dollar.