Today the Euro went lower at first and now it's gaining again some ground.
An interesting formation is seen on the 1 hour graph (and on the 30 min also). If Euro closes on the 1 hour graph above the 1.2745/50, there could be said a bullish divergence was formed which could lead the Euro higher.
On the 4 hour graph the Stochastic is in its lowest area and still the MACD and moving averages are not suggesting a prolonged decline of the Euro.
So basically as a short term way of playing the game the lower time-frame graphs should be watched and when (or if) they show a more clear indication for an Euro increase, this could be a good point for a long Euro position with a first target around the 1.28 level.
One should keep in mind that on the daily graph the Euro is still under pressure.
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