US Dollar Index is hitting multi year important technical level too fast too soon. Market really priced in Trichet comments pretty heavily. But also, don't forget to analyze EURUSD vs. USDCHF (98% inverse correlation).

EUR/USD dropped too fast. It was really unexpected. What a single day drop! Now, it should stabilize @ current shown level @ 1.50USDCHF trying to break multi year trend line. Can it break? By looking @ EUR/USD, if it doesn't fall further, USDCHF will go sideways from here.

No clear signal to buy EUR or CHF yet, but "SCALPERS" you can take small profit from 1.5077 to 1.5000 for EUR/USD.