EURUSD at trendline support

FX_IDC:EURUSD   Euro / U.S. Dollar
223 3 5
Interesting times for the EURUSD             .
Here we are at trendline support

The monthly chart shows us 9 consecutive months of bearish price action - will April be 10 mths ? - we are under trendline as of today.

Month is not over yet so there is a possibility for the April candle to close above the drawn trendline .

We also see a 0.7071 (sqrt of 0.5) bounce at trendline - will current price action repeat history ?

I will wait for the completion of the April candle with interest.
Amazing analysis!
May 01, 2015 update

Completion of April monthly candle shows reversal off trendline (and .7071 "level") hitting 61.8 retrace level @ 1.12032.
Price finished the month @ 1.12125 and by my read its a monthly bullish engulfing candle based on candle body.
pete002 pete002
Looking for further bullish action in EUR this month.
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