Technical showed me that from cycle point of angle, this is just a beginning of the rising trend which follow the previous 3 cycles. Each cycle completed by around 64 bars, around half of the month.
Directional index show me that the absolute trend is diminishing, so don't expect a large trend break out very soon, be patient.
is well in shape, give you some support of the momentum.
Lastly, normally the cycle last for 3 cycles and break out either way, and this time with the fundamental. I would expect that the distressed the euro will give USD a shot!!
Well, again. It is the fundamental driven event.
So Fundamental and technical together can perform much better results..