In my opinion, I don't think so. The Euro Area economy is not doing too good and Germany is limping. After today's monetary policy I believe the EURUSD will continue the descending trend. A break below the local trend line would signal the fall, while only a break above the 200 ema would signal a rally for the euro.
EURUSD corrected, finally. At this point is moving sideways between the 100 and 200 EMAs. Keeping in mind that the main trend is down, we could expect a fall back to 1.3400. Only under this round level I would think that a new low could occur.
Though the trend is down, I am expecting another rally. A break above 1.3450 and a close above the 200 ema would confirm...