The chief of the ECB, Mario Draghi, an ex-Goldman banker, as well as a clever wordsmith, once famously moved EURUSD with the words “We will do whatever it takes”. He now faces an economy with a currency that is “too strong”. While he has been attempting again to talk EURO into compliance with his clever wordsmithing, words are not enough this time. So… in come the “whales”! How can you know? Of course one can never be certain but our charts tell us more than words. They allow us to see reality. Disguised but not hidden the intent is clear EURO assets down.