The Euro moved up over first resist and now up against a deep retrace value and near a trend line.


I am working with an ending diagonal for form. Depending on where wave (iv) ended gives solutions that call for one new low or two. Momentum divergences are forming against the Fib extension and growth targets on this chart. First confirmation of the ship turning is pushing back under 1.1358.


And a quick peek at the daily chart just to outline the form of a three wave move up off the last major low. Should be in the last segment of the move now. Under 1.1371 is the first support that needs to fail.


The bounce in the ETF FXE has been a bit stronger but at some geometric resistance.


And last the weekly chart.