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The interbank market tried in vain to trigger stop-losses sub-1.3460, ran smack into central bank support, got themselves short and now have been chasing the EUR higher ever since.
FORBES: EURO Correction Fueled By Political Turbulence
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For those selling short based on this trigger, a stop is placed above the doji or most recent high.
FORBES: A Candle Trigger for Market Tops
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If they stop buying, it could trigger a sharp fall in the dollar and a jump in bond yields.
ECONOMIST: The dollar
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However, do not be surprised to see that the bulls continue to find stop-losses so close so appealing to trigger.
FORBES: Eurogroup Meets, Could Kick Greek Can Into 2015
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If this were to trigger I would use the 50 day moving average as my stop level.
FORBES: Fake Out or Break Out
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The solution consists of a remote electric-powered vehicle that can accelerate up to 130 MPH within 3 seconds, position itself under a fleeing car, then automatically trigger a restrained airbag to lift the car and slide it to a stop.
WHITEHOUSE: Office of Science and Technology Policy Blog
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But the first country to send a missile, even a non-nuclear one, could trigger a tit-for-tat set of reprisals that both sides could find hard to stop.
ECONOMIST: South Asia’s nuclear winter | The