For the Euro bulls...

If you are one of the ones that thinks the Euro/US has corrected enough here, and it will go higher, you may want to read this by Michael Sacchitello...who is a very good trader.

13:12 04/06 EURO-DOLLAR: Techs, from SMRA's Michael Sacchitello;
Short-term - As EURUSD tests the $1.3366/$1.3343 confluence, oversold
hourlies may help foster a bullish opportunity. Pending a break above
$1.3580, however, bears maintain the upper hand.

The next significant signals might occur above $1.3580 (potential for a new leg up to $1.3739/1.3858) or below $1.3287 (opens gap to $1.3166/1.2957).

$1.3497 61.8% of $1.3580 to $1.3359
$1.3448 38.2% of $1.3580 to $1.3359
Current level: $1.3387
$1.3366/1.3345 04/03 pivot, 50% of $1.3114 to $1.3580
$1.3343 03/31 corrective top
Support $1.3287 20-DMA, 61.8% of $1.3114 to $1.3580