This Euro chart like a lot of charts has been a sideways choppy mess for months now. No follow through on anything. All one can conclude here is price topped out with the stock market high in May 1st 2011 and has been having lower highs and lower lows ever since. It has also ignored the stock rallies and recent new highs in the equity markets which it often tracks with. The 20ema and 50ema have been falling and below the falling 200ema since last September with no sign of a reversal. Two strong downtrendlines to confirm as well. Note price is back to the early Oct lows which was also an "S&P low". That is something else to think about. Perhaps selling way out of the money puts AND calls is the ticket.........................I can't help but feel a bolt of lightening is about to strike most everything soon but don't have any concrete thoughts on what or how or when to trade it just yet. I go to push the buy or sell button on something and a little voice says to me "are you really sure you want to do this",LOL.........................answer: NO....................