Euro this and that

Is the DAX carving out an intermediate term bottom here around the 200D MA?  The trend is higher.  This base action is set to tell us the direction for the fall.

Of course in this era of currency wars we need to look at the Euro.  It got stonewalled by the 50 day MA Monday 8/3.  It's stuck in this 1.08-1.14 range until it's not.  IF we get a break lower, all that parity with the dollar talk may be legitimate.

 
Trade 'em well!