Dislikedi dont like to give advice on how others trade in here, because hey its your money....but, capitulation mode is here. And there i said it do not buy this pair, look to sell rallies if you are interested in self preservation....[i][b]if 2850 area is breached with authority, there is a very very good probablity it goes to 2364 in no time. look how far the pair has fallen in one month with hardly any covering. The big guys are not closing these positions. Whats another 500 pips in stops gonna cost them? nothing....other smaller players now on the bandwagon...Ignored
Not saying this is going to happen, but banks in Asia could start buying the Euro or they could start selling off their {European & U.S.} bonds in trade for metals.
the trend is going down, but you can't predict the future, you can only speculate & at this point, I would develop more of a thesis based off of fundamental analysis and then back that up with technical analysis.
But it is to early to tell, I think the biggest player in the Forex market is the central banks of the world & I personally think the biggest thing to happen in Forex overall coming up is how China handles their currency.
try to catch 
