... there's no sense in holding fiat at MtGox...
MtGox will be at 180 in 6 business days
Or maybe some bears from Europe will show up on MTGox a lot sooner. They are likely asleep now.
i'm not going to ask if the MtGox EUR market is sperate from the MtGox USD market, because I fear my head will explode if i do
They are not separate.
https://support.mtgox.com/entries/20800336-Multi-Currency-Trading, which is why there may be some very interesting action in a few hours.
They are quasi-the-same. Meaning the offers placed on the EUR book, also appear on the USD book. However, since they appear at a 2.5% discount (currency-exchange fee) they aren't really competitive. I think most big players play on the USD book since it has the most liquidity.
Either way, yeah, we may see movement in ~5 hrs when London wakes up.