Is this the beginning of a trend change for the euro?

The euro went about as far as it could go to the "edge" of the resistance levels I've been showing and discussing here.

On the intraday chart at right, it looks like it may have traced out a bearish rising wedge.

If that is the case, then this initial drop out of that wedge can be expected to be only the first small step toward much lower levels.

Also if this is right then we will be able to show and confirm on the hourly and daily charts.