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Extremes

Hi,
we have seen some extreme sentiment these days - some traders were expecting 1,19 on EUR. Seems tide has turned from extreme bullishness to caution. As money flows from majority to minority I hope I am right expecting USDJPY going to 122 (now 119,2) and EUR going to ~1,135.
I guess USDRUB over 70 is not sustainable now...
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Levels

Market makers decided these days it is good time to make true that old saying:
Money on forex is not lost, it only changes owner."
Today GBPCHF reached support at 1,5150 - this is good level to buy to me; EURCHF has the possibility to find support on higher timeframe at 1,07. EUR reached 1,1125 and may pause here.
I survived large drawdown on my account, but now I am already old chap... it is not easy to take my money away - but I know they will try again and maybe harder.
Good luck!
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Today's levels

Today someone else was responsible for EUR changing direction at 1,1051 - you would know what I mean if you have read my yesterday's comment.
AUDUSD reached lower edge of channel at 0,7340 and I would expect return to ~0,7365 or even ~0,739. EURAUD and GBPAUD also hit upper edge of channel at 1,5085 and 2,1225, respectively so look for good level to short.
Weakness in AUDUSD however does not bode well for EURUSD and GBPUSD...
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