Since this big downmove began about 11 days ago, EUR/USD has struggled to rally any more than 100 pips off any interim low. This mornings rally from 1.4305 to 1.4410 is another example but this time the signs look reasonably good for some further gains. This might mean that the bearish momentum is beginning to wane. It might also mean nothing. The 1.4450/60 breakdown level should provide solid resistance in the event of a bigger rally.