DislikedFile this under useless factoid --
Last year's (2011) Highest High was put in during ECB President's Trichet's monthly rate decision press conference as the market bid up every positive word he uttered in an attempt to break a 5 week long consolidation to the upside.
That breakout failed and started at sell off that didn't end until Jan 8th of this year at 1.2642, a 2297 pip decline....
In almost exactly 28 hours the new ECB President Draghi speaks at his monthly ECB rate decision press conference...Ignored
They think they are smarter than I am.