The main, long term move is still bearish. if you look at the daily chart, there has been no divergence in the lows in either the MACD or stochastics. Until that happens, all bullish moves of the Euro are just corrections/consolidations or spikes from news. This summer is going to really be poor for Euro trading, as by then we should hit the low (probably anywhere between 1.100 and 1.075) and then it will be a lot of chop consolidation for months while the tide turns for the main, long term move to become bullish. It will be a scalping summer, for sure!