At nearly $1.37 the Eurozone cannot be please with the extremely rich level of the Euro . At a time when the EZ is trying to escape from recession a strong Euro hurts exports which can slow their recovery. In recent history we have seen EUR/USD rollover at the $1.35 level in February which coincided with the and Stochastics rolling over. From there prices sold off to the $1.28 level twice and since then have been working their way higher with the putting in higher lows. At $1.37 watch the and for a crossover and for price on the Renko chart to fall below the 7 period for a change in momentum to the downside.