Regardless of what the media says, USD fundamentals weren't that impressive post Winter. So no matter what ECB does ( esp . lip service) it only offers Euro bulls to buy on dips.
P.S: This chart would be interesting to see how Technicals vs Fundamentals play out. In my experience, technicals tend to lead the fundamentals with the exception of a black swan event (which in this case would be ECB doing something the market's haven't already considered).
PPS: If a base is formed around 1.37, then it would be a within a within a larger time frame .But resistance of 1.38 needs to be broken. Indicative of an explosive move sometime soon. Either the bulls or the bears will win leaving the other sore.