The Euro pulled back from its breakout over 1.3212 which was the Nov low that was tested and failed in Dec & Jan. Price must hold above the early Oct low of 1.314 and 20ema to remain bullish short term and keep this 2 month bullish price pattern alive. Not looking good for the Euro to succeed in this as the Aussie dollar is at major resistance of 1.0750 along with the Canadian dollar also backing off from par, the SPX backing off from a double top of the July/11 highs and even Gold pulling back from a Fib 61.8% retracment of its selloff along with tagging price resistance. Bottom line: The next move in the Euro which is inverse to the U.S.$ should tip the scales in many other markets direction.