Hi Ed,
Your question been already partly answered. just to complete the picture:
We need to find a solid bottom / base first which could be a daily or weekly pivot supported by fundamentals & economic outlook indicators to give the EUR the strength to start a solid reversal, market sentiment is still bearish, stop hunting still continues and more important every move up from the EUR sees a "counter attack" in Gold or Oil dropping.
Big question is, where is the bottom, where is the base...it's all guesstimate IMO currently, hence trade with extreme caution in a very choppy & volatile market
As always...Just my 2 Cents...
(Patent pending)
