Thank you!

Yes, divergence on the weekly chart of EUR/USD, or close enough (the most recent high was slightly lower than that previous reaction high). So there is that & those divergences certainly could play out for a leg down, maybe even another backtest of the primary downtrend line. For the bullish case: EUR/USD recently broke out & then make a successful backtest of that primary downtrend line (so that is longer-term bullish. The recent pullback in the Euro & bounce in the $USD stems from both the EUR/USD running into that 1.227ish resistance as well as the bullish posture of the 60-minute chart on /DX and the bearish (mirror) 60m chart of /E7.
I’m still favoring more near-term upside in the $USD (to my /DX 60m targets) so a little more downside in EUR/USD, possibly to the 1.19360ish support & then the next big leg up to take out those to the previous reaction highs & run-up to the 1.263ish target on EUR/USD. Also not the bullish posture of the PPO (above the zero line) on the weekly chart which signaled a primary trend change from bearish to bullish back in late June 2020, remaining above the zero line since.

Nice chart, 2nd TL certainly seems valid so a level to watch. Thx for sharing.

I think the TL discrepancies probably stems from log scaling vs. no log scaling.

Just posted a chart.