I won't mind if eurusd eclipses the 2 year high at 1.3720 or so to run out specs, and leave a large double top in place. Oanda's position ratio is 78% short euro (those are 50 to 1 margined positions) so speculators are currently getting their lungs ripped out while market-makers -- professionals -- are sitting on large profits. How do market makes exit that massive position and lock in year end bonuses? Find the specs pain (stop) point -- capitulation level -- which likely will be around that 2-year high.

That will also make it easier for the Japanese to weaken their currency under the cover of a stronger dollar vs. Euro IMHO.

Trading is a risky endeavor and not suitable for most individuals.