Well,has been tough these last two days. After I have been shorting Euro like crazy it rose more than one figure. That hurts!!!! But I still stick to the fact that we have a major top and remain short. I post the weekly chart and that blue line you see comes from the Monthly chart and I pulled it from the very top. It is the secular downtrend line. My point is that the volatility and the volumes we see at these levels are typical of a top formation. If we break that blue line and close two consecutive days above it I will have to reconsider and my G.. stop my shorts (uuuuh painful). Today Europeans tried to go beyond 1.25 in early morning but it stayed above for very little, then all day until the figures I could see that buyers had no strenght for another attempt...1.2497 has been holding. So I expect that by Europe close other sales will come in as this week long will capitulate and close positions before the start of the weekend (many are doing it now, and I am talking about the big guys that take large positions, hedge funds and financial institution traders...what I was in the past... big, arrogant and dumb :-)). I would not be surprised to see a drop to 1.24 by tonight. Anyway. My point is the big picture and believe that the risk is on the downside, these are the last days of the Bullish Euro. I cannot add the RSI indicator but a weekly divergence is underway and if the indicator moves below 70 the price will drop heavily. Have a nice weekend for those who care. For info I hope to activate my blog Teforecaster.eu by next week but will post here too.