The Euro is bumping up against a major resistance area of 137. That was the Oct lows that broke down and was successfully tested as resistance in Nov and then sold off breaking its uptrendline in late Nov. It is also the underside of the broken uptrendline which is also resistance now. And it is also a Fib 61.8% retracement point of the Nov to Jan sell off. It's going to take a hell of a lot of power to blow through that much resistance. Odds highly favour a sell off from this point of some magnitude.