The Euro is deeply oversold, and it maybe due for a technical pop soon. Anyone reading this blog knows I am no fan of the Euro, and kept touting the fact of its decline was virtually an economic mathematical certainty due to the EU's macro issues. With that said, I would begin to be cautious on the short-side, or maybe hedge with US banks. (If the Euro pops, that should lead to banks moving higher as well.)
The daily just shows the black-hole pattern, and the weekly indicates it may go to 125. Regardless, it soon will be due for a technical bounce.