The bulls pushed a little up, but unconvincing for now. On the 1 hour chart quotes are testing the lower limit of the upward channel, while on the 3 hour chart trading is still within wide range. Break above the nearest resistance and yesterday's top at 1.3121 may trigger further recovery of the Euro. While the Euro enjoyed the dollarís weakness, its own troubles never went away. We got a second reminder this week Ė Irish debt issues which directly affect the stronger countries as well. I will remain bearish for this currency.