The Euro should remain Week until at least the 7th of Dec,when...

The Euro should remain Week until at least the 7th of Dec,when the Irish Parliment meets to pass a budget that may or may not incorporate the provisions of the bailout.

Those provisions evidently were not buried in fine print, since fully one percent of Ireland?s population marched on Saturday to protest them ? to protest the tough strictures that the bailout would impose. And if Parliament should vote down the package? Expect the euro to get savaged as never before.
I have been shorting the Dec Euro futures from 1.3657 and will bottom fish at 1.2953 with tight stops. But if the vote on December 7 rejects the IMF package.
The euro would be vulnerable to a further fall to at least 1.26, where the ?structural? support of some key lows made in late August and early September would be felt.

Kimbo