Euro (euro/dollar) freefall may be a wave 2 pullback but be sure it's finished before wading in

You can't say the euro's pullback has lacked dramatic impact! The Swiss franc has also strengthened against the euro - below are charts based on $XEU (euro to the dollar), with the ETF, called FXE. This lets you see the volumes, rather strong selling. Then looking at the weekly chart, you see why Tony Caldaro has had an overall bullish count for it that would permit the drop to be just a pullback. But before buying the euro, let's be sure the drop finishes first. The 200-day MA could do it, or it might need to test $138 to $140 before it's done.

The best way to get certainty for the drop being done, after whichever target is going to work, will be a reversal upward pattern accompanied by volumes that demonstrate the selling being replaced by buying! Too soon to see that, of course. Otherwise, it's possible that the price support about $143 may only give it a temporary bounce before another swing down.