Price on the Daily chart below closed just below the rising 50sma on Friday. Price action has been forming a small downward sloping H&S since April of this year.
From a Daily and Monthly timeframe, it is unclear whether the trend is currently up or down.
On the first Weekly chart below, I've added a regression channel. Price closed on Friday at the +1 deviation point of a downtrending channel (dotted pink line) and is holding above the rising 200sma (pink). On the second Weekly chart below, I've added the Monthly TPO Profiles...the POC is shown as red horizontal lines.
In essence, it could be said that on a Weekly basis, the EUR/USD has been (and still is) in downtrend since July 2008. Significant resistance is immediately overhead and it will be interesting to see whether buying will step in above Friday's closing price or not.