The main trend is down according to the daily swing chart. However, momentum is trending higher.
The Euro has rallied a bit during the course of the week to take out the highs of the previous two weeks. That of course is a good sign, but we still have a lot of work to do before we become bullish.
The Euro has tried to rally during most of the Friday session, but it continues to find resistance in the same area. Because of this, I think it is very interesting to see whether or not we can continue to go higher.