The Euro continues to absorb offers along the PoC of its long-held range. Since the impulsive sell-off on Jan 15, the following days have been characterized by what may be set up to constitute a transfer of ownership from weak-handed sellers into value buyers. The divergence between the German vs US yield spread and the pricing of the pair continues to suggest we are in an area that is not technically relevant (POC, bullish structure), but it should also be perceived as discounted.