The Chinese with the De-pegging of USD has done the trick.
Whether the rally will last or not; it has reversed all the price actions which were too close to a reversal.
As this price action is purely Currency linked, I think, it will be apt to give the Euro Chart too along with this.
Today morning Euro gapped up to 1.2466 (See “G”); it retested this level once more and so far it was not able to pierce the top. It is now threatening to form a Double top. This double top will only get confirmed if breaches the bottom level convincingly. Let us watch, which way Euro trends tonight.
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