The EURO could be temporarily topped here or it could meander around wiggling its way up for another couple hundred pips to maybe 1.39-40 area. The overall thought here is that the EURO will make a larger move down soon. The arrow exaggerates my thoughts a little, I would like to see 1.30 first. This is a weekly chart so this can take a while to play out. There could be intraday trades going in the opposite direction. Good luck