The ABS purchase program will start the next days that's bad for the euro. The ECB will buy junk paper from EU members, mainly greek paper. Germany the EU-powerhouse published contracting PMI data French PMI data is bad, too. The Eurozone is heading toward to a stagnation? Only time will tell I will short eu next weeks. Good entry point is 1.255 area. sl: 1.274-1.28 t1:1.24 t2:1.23