think that's the better trade, we'll be eventually to sell the euro again at 118 selling short the fxe. but for the public, you have good etfs to trade. people have to take advantage. >> the fed meeting started today. we get at least some announcements tomorrow. do you think any of this is coming into play right here and now? is this bounce you're talking about somewhat predicated by we have a fed if you listen to caterpillar, it has to pull back? >> i think the fed has told us, i think dr. yellen told us a couple weeks ago that she was going to do nothing until after at least the second meeting. i think they will do nothing until after this meeting. i don't think the fed does anything until later in the year at best. the problem that you have is that all of the other central banks have been easing monetary policy aggressively, even surprisingly having the bank of canada doing the same. that was the support for the dollar. but at some point, i think it's nothing but a short covering rally in the euro having gotten far too aggressively oversold and i think if we try to give too much cre