the breakdown (so far) tonight in the EUR/USD, further increases the odds of the 2nd target the XLF 60 minute chart being hit. barring a fairly sizable invention by the fed and ECB this week, i believe that T1 will not act as very significant support if prices fall to that level again. therefore, i do not plan to cover any of my financial shorts if we hit that level again, unless the bounce is much larger than expected. charts in reverse chronological order (most recent first).
