SOMETHING IS STRANGE WITH THE EURO

Yesterday the Euro was able to shake off bad news pretty easily, last night it broke out, but today it has a true parabolic drop and the reason....

Here's the breakout to the present

Here's a closer look at the parabolic decline.

Of course it is still early today but the reason is what is lacking or strange. The only thing I can find that may have had an effect is the break down of talks between the Hungarian government (which is not a Euro member but a EU member) and the EU/IMF, which if Hungary fails, the huge investment Austrian banks have in Hungarian mortgages will likely take down Austria, but there's a several "ifs" there and some time. Unless it's a technical move, but EUR/USD din't hit any solid resistance levels. Strange...