It seemed fairly clear last week that there has been a concerted attempt to keep the Euro at or above 1.44 . A couple times, when the Euro broke below 1.44 it tried to run and was almost immediately turned back around. I am convinced that the Central Bankers do not want the Euro to show any weakness until they can bring the PIIGS debts under control - that won't happen. As usual, others can say what I want to say better than I can:
http://www.zerohedge.com/news/podcasting-charts-matter-next-week-continuing-case-weaker-eur
http://www.zerohedge.com/news/podcasting-charts-matter-next-week-continuing-case-weaker-eur