link to the artcle
RUMOUR MILL hits a new extreme, but a reputed source at FT Alphaville
talks of a Plan B contingency in existence in Germany involving the
return of the Deutsche Mark as soon as this weekend. Bizarre yes,
ignored no. Traders, regardless of how outlandish such a story may be,
are readying themselves for any possible Euro negative. Eur/Usd recently
printed under the extreme low of 2009 (1.2457). 1.2450 barriers are no
longer part of the equation. The post Lehman extreme low at 1.2339 is a
more than realistic target, even for day traders.