On Friday the Euro hit new high at 1.1470 as expected.
Apart from geometries shown below the structure of the move, let's say on M60, is very similar to patterns that has preceded previous correction recently.
It might be current level that will stop it for some time or 1.1520 after one more move up. If these areas don't hold the next serious level before low 20s is about 1.1750.

Uh-oh, stop sweep up? So, down sweep now, then blast up? Or just up?

It couldn't be just down now... I'm just not seeing that.

Same as it ever was. U.S. circa 1999/2000:

http://www.zerohedge.com/news/2015-05-22/chinas-tulipmania-full-frontal-shenzhens-parabolic-stocks-just-hit-67x-pe

ASHR is a good proxy stock to visualize this. Especially look at a weekly.

ES right back to price flow. This is it, folks. It breaks free and tries for the new all-time high, or it gets rejected.

Denied! Now we see if they can bounce a little off this pullback, or, more likely in my opinion, sweep 'em down now.

What a read. There's the sweep down.

oopsy.......

They got all the stops going back to right around yesterday's open. That is impressive! I thought maybe they'd get the TL and one or two levels. They got everything, and did it right off a move up to the obvious price flow. There guys are gooooooood.

they had everyone waiting for that area just overhead where there are half a dozen fibs, but just couldn't get there yesterday. I was surprised by that, and thought they would manage it today. It's very possible it's set up for a gap and go to the downside Tuesday.