Euro, daily
Euro, weekly
Summary
Just look at those MACD (blue bar histogram) cycles on both charts, they are both in the right position for a rollover this month. Even if it started today, it will take at least 3-5 trading days to know for sure if the trend is really changing.
Look for a break of 1.30. If that fails to hold as support, we should see at least a swift 5 cent move lower. In the scheme of things, that would only be a move of 5% from present levels, but it would certainly help to kick the Dollar upward, and that would put significant downward pressure on both equities and commodities (especially those precious metals!).
The rest of the week will be busy too...I think its time to rest.
Goodnight from the city of Green Shoots.