The hourly chart suggests neither particular strength nor weakness in the weeks ahead. However, given the range the euro could traverse and still be within the confines of the last few months’ price action, there is ample room to stoke the rumor mill as it pertains to Europe’s inevitable financial decline and fall. The currency got a reprieve last week when Germany eased somewhat on bailout terms for Greece, but no one could actually believe that this will prove to be more than a stopgap.  Such considerations will tend to limit upside on the euro, but it will also temper the aggressiveness of euro bears, since an actual collapse, inevitable though it may be, has been forestalled yet again.