Right so I think it's safe to assume that a possible short position is on the table. I think that once prices plummet past the 1.21561 Area. I'm expecting some bearish
momentum down towards the 1.19533 Area. For now let's just sit on our hands and allow the markets to come to us. I think that with a possible weakening dollar in the equation it's actually more than safe to say that prices may reach these lows.