FX:EURUSD Euro Fx/U.S. Dollar
After a very sharp fall starting 10/28 a short term bottom may have formed on 11/8 as the Euro is now looking stronger. A little more follow through will be needed for a perspective however. Ideally we would like the indicators to confirm a move on the renko chart. This means the needs a cross and a rise above 20 and the need to reach the zero line as well. Coming up on Thursday is the German GDP report which may be the catalyst to get the currency pair moving higher.