EUR Bearish Cross

This recent bull move (almost 15%) resulted from a sense that Europe is on the mend, they got to "the Greeks" on time (bailout) and austerity measures and cracking down on inflation 

German government sources told Reuters in Berlin that they did not believe Greece, which sealed a 110 billion euro ($157.7 billion) bailout from the EU and IMF last year, would make it through the summer without restructuring.

Euro is clinging to the 20dma, the MACD has signaled a turn, look for 139.5 in the near future. 


The Euro Debt Crisis will emerge, things aren't all better, the European union will be tested. Lets see if they stick together. 


This is the one thing that could possibly save the dollar from falling off a cliff.