I suspect central bank intervention has been going on for many weeks in the currency markets and the smart players know this and will certainly challenge the PTB and their resolve. The money always wins and this means the central bankers who are by far the lesser brains and intelligence will lose in my view. I also see problems ahead for the euro and am not a huge euro fan but presently am certainly dollar bearish which means the euro goes higher. The real place to be in currencies is gold followed by Canadian, Australian and Chinese currencies and gold will trade more like a currency going forward which will make all other fundamentals secondary in nature. It will also screw most technical guys as this will increase volitility.