EUR/USD breaks above the 1.4344 minor resistance line and reaches the 1.4422 high. There are reports of Germany making concessions to allow a new bailout for Greece, which removed some of the downside pressure on the Euro. Intraday bias will change to the upside, if the price action sustains its momentum above the 1.4344 minor resistance line. On the upside, if the currency pair price action settles above the 1.4344 minor resistance line it will change the sentiment to the bullish side and target the 1.4586 major resistance line. The minor Dow Primary Movement (Bullish) from the 1.2872 support is holding the bullish trend firmly, since January 10th, 2011. On the downside, if the price action settles back down below 1.4344 minor resistance line it will continue the bearish bias. The Dow Medium Swing (Bullish) from the 1.3427 support is still intact but lost its DMS leverage, due to the strong retracement from the 1.4936 high.