(Give me some grace on these HS) Some day in the history books they will tell about the day this pair should have corrected, AND DID NOT August 1, 2014. From then until January 22, 2015, (and perhaps a bit beyond) the artificial up trend of this pair will show an explanation of foolishness, self denial, greed, incompetence, irresponsible political idealism, and the unnecessary destruction of a supply and demand free enterprise system that was a model for all ages. Any system has its degree of corruption, and anything can be improved, but overall it served its tax payers well. WHAT IF, all the currencies of the world devalue, then what? Look it up, to see what happens. ECB might not act, and say the lower price of oil and the dollar's rise, Swiis Franc rise, is devaluing the euro just fine for now, giving them a stimulus without having to buy one bond, and wait until next mtg to see if anything further is needed, or some spin such as that, besides the fact that they know they either cannot get it done together, or what little they can get done won't really matter anyway, too little too late. Something wicked this way comes.