Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
ECZ5 just touched 1.2000 (how obvious).
I pointed out that ECZ5 was 1.1965 when I declared that a bounce was going to happen: for the moment move a trailing stop to 1.1980 to lock in 15 pips.
It took a while, but it was always going to happen.