Apo, nothing is certain in these markets, that is for sure. However, any good trader seeks to minimise risk and maximise chances of a successful outcome according to their directional bias/assessment/analysis. There are times when the Europe session will initally sell off the Euro, but often (my observation) this seems to halt and go into reverse when the DAX opens.
As for what will happen this Monday coming, last week was an exceptional (maybe once in a life-time) event. It isn't every week that Tricky Trichet draws a line to say no more cuts, then the US Fed cuts to zero, then 2 days later Trichet realises his error and does a huge backflip. Can you see any reason at all for the Euro to retrace back to it's former dizzy heights from last week. Buckley's and none. Might it re-trace some on open? Possible. Might it go south again? Possible. All trading is judgement and the balance of probabilities, in this case, I think the Dollar bulls will win this particular skirmish come the end of next week. (And maybe not, we will only know for sure when the week is done, but we all make assessment based on the best information available and trade accordingly.)
As for what will happen this Monday coming, last week was an exceptional (maybe once in a life-time) event. It isn't every week that Tricky Trichet draws a line to say no more cuts, then the US Fed cuts to zero, then 2 days later Trichet realises his error and does a huge backflip. Can you see any reason at all for the Euro to retrace back to it's former dizzy heights from last week. Buckley's and none. Might it re-trace some on open? Possible. Might it go south again? Possible. All trading is judgement and the balance of probabilities, in this case, I think the Dollar bulls will win this particular skirmish come the end of next week. (And maybe not, we will only know for sure when the week is done, but we all make assessment based on the best information available and trade accordingly.)
Let's go DODGERS !! Yes there is more to life than just trading *shock*