The Euro initially pulled back during the week, but then turned around to show bullish pressure. It looks as if we are going to try to break out to the upside.
The Euro rallied significantly on Friday again, as we continue to see the US dollar lose strength. Ultimately, this is a market that is trying to break out.
The daily chart indicates the EUR/USD has a clear shot at 1.2011, the September 1 main top.