I closed a short this afternoon after the news. I have a fresh short loaded to execute up above 1.28 and I am prepared to add another one or two if it breaks up above 1.30ish . My sense is that there is a lot of jawboning going on to keep the Euro intact which may end up supporting it for a time. In the end I think it fails and retraces to it's original level of 85. Years for that to play out tho. HTH
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