38% retractment from the new high at suport level 1.5612-16. The London opens soon and I believe its postioned to rally but in the mean time we took proffits on the last 38% advance. It NEVER goes exactly the full standard % up or down but with in a few pips usually. I would head caution after the Brits and middle east are done buying. They may postion the Eur/USD to rally short and take profits off the USD aimlessly believing the EUR shouldnt be worth as much as the GBP? At the end of the days trading tomorrow though look at a rally north on Sunday when more dumping of the USD and bids on the EUR take place by the Asians. Bushes talk about the econamy will have worn off and wallstreed wont be around to save it like it did on thursday. It looks like a year at best before the bottom for the USD acording to well respected world economist they said an hour ago. To little to late. The desitions seem to have been made already that the USD will never be the same again. Its just going to be hard getting used to the dollar not being the currancy that the world messured there strength against.The bail out of the housing market is being done buy other countries. That means though not an imigrant situation it does mean that quite a bit of the real estate is going to foriegn investment. So its like the uS is selling parts of there country to recover. That cant be good? Looks like the Brits want to pay less for the EUR in over sold territory. It should be interesting to see what they bid there compation to? Because of there intrests and tyes to the USD and the EUR,S relentless bid to be #1 at this stage it should be an interesting session. Should be a push pull between the MiddleEast and London. But those Aribs have a lot of free cash!!!