Euro at weekly bottom?

This is a weekly chart of the Eur/Usd exchange rate for a period of several months starting last year’s last quarter.

As you can notice there is an upward trend going on, since the end of year 2005 (not shown on the chart).

From the recent top, close to 1.37, we have seen a retracement lasting several weeks, to 1.325. The low found support on the fastest SMA.

The pane below has the 3-10 Oscillator showing possible turning point.

Altogether, the weekly chart might show a bottom forming: if this was true then we could expect the uptrend to resume to 1.37.

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