Trying to predict the Euro is an effort in futility akin to understanding quantum mechanics. There are hidden variables that we have no way of determining.

The Forex market where world currencies are traded has some of the highest leveraged instruments available for investing. That creates an extremely amplified Darwinian environment for training investors. Perhaps this is the reason investors look to the Forex for a Pilot wave?

Looks like it was the US turn to tighten credit markets today. First it was China then Australia and now the US. Sort of like a stadium wave at a game. Globally that strategy keeps any one countries currency from spiking off the charts. It will be interesting to watch what happens with the quarter point OLR step.