EUR/USD not only reached 1.1950 but it even dropped way below that, reaching 1.1850. While I had my suspicion that something like this might happen, I certainly did not expect it would happen so quickly. And while the pair bounced back a little, I now think that we might actually see it reach 1.1800. I think I will keep my short positions open for a little while longer, but I definitely do not feel comfortable opening new ones. It looks like EUR/USD is in a state of freefall, but then again, it really is high time for some correction.