If you're short the Euro/Greeny pair

Kathy Lien pretty much summarizes what I said right after Trichet's news conference. She also had an interesting add on point; that the reason for this pair's rise was only because of trader's adjusting to price levels affected by a 25 basis point cut and not 50 BP.

Anyway the pair is very overvalued according to the charts, and because of this silly game Trichet just played, it's also very high. It actually makes sense to short more.