Monday's Barron's Online column was entitled Ready for a Positive Euro Surprise? and here is a chart to add to the case.
It's a typical Quick Takes Pro read showing a potential rally first to the 20-day moving average at 122 and a long-shot extension to resistance at 125. Bullish RSI divergence, falling wedge breakout and, from Monday's column, really lousy sentiment.
I am not making a trade recommendation here so do your own research.