The "ECB hammer" failed to play out as a reversal and instead price has no sunk to recent support at 1.35. With the stochastic
turning up a few positive days can move price above the LSMA
and create a bullish
signal. In the big picture price is trading in a broad range between 1.34 and 1.40 with minor levels of support and resistance
in between. Let's see if support holds - a bullish candlestick
pattern would be helpful.