Euro - the recent high could mark wave ii of a corrective, but since the recent move up was impulse why cant it be start of another move up?. European currencies are showing lots of divergences for a trend reversal to occur, but we dont have a confirmation. The Euro did not break the MAs yesterday and the dollar index too gave up from 80.6. But divergences and indicators are warning of a potential reversal, however we need a further confirmation from price to be sure. 1.3964 on the Euro should break for this.