Ye ol’ double top could be in the process of forming on the short-term charts.
If long, I’d look to head for the hills on a move back below this morning’s post-Draghi low of 1.2561.
![](http://az705044.vo.msecnd.net/20120906/9-5-eur-330x516.png)
A break of 1.2565, if it comes, would target a decline to the important 1.2480 area.