The Federal's collective outlook on the economy on 29/4/2015, at 20 PM ET, by Madam Yellen should tell us if the market has found a support level which can push the EURO higher or of course the USD higher.
However the first W shape in the chart does indicates a selling fatigue, thus buyers are driving prices back up.
NB! Any Long positions are best bought if prices breaches the highs of the neckline. Neckline is around 1.09200 EURfxUS.