Interesting H&S formation. Point A @ 1.286 - below which it breaks the neck. (The gently sloping lower left to upper right lines are a very long standing Andrews Pitchfork) Thoughts .... For: Continued/Accelerated Euro Crises (strong) Against: (i.e weakening the dollar) Collapse of Nikkei (again - predict - around 8th July) Continued rebound/rise in metals (not likely in short term to any extent) (weak) Dollar is at 13th month high (strong) All things considered I find it unlikely bar serious escalation of crises the euro will break below point A without a bounce right there.