EURUSD: Change of trend?

As we can see on the graph of our left, the euro started going up strongly last week. Some analists think it will keep on going up. Our view is more prudent. If we draw the Fibonacci retracements, we observe that the EURUSD can stop around 1.36 or 1.375 to go down afterwards. Before changing anything we need to see how it performs on those levels.

Perhaps we are no longer living in a world with just "one policeman" (USA), but 2 or 3 (China and Europe), perhaps the whole concept of currency reserve changes, but it´s not going to be a radical change, but some adjustments.