My forecast about EURUSD as for 1st May 2015 looks like this.
Weekly chart shows that market finally after long "down trend" came into balance.
I see 4 possible scenarios:
1. Stay in the balance;
2. Break through the upper extreme;
3. Break through the lower extreme;
As for 1st of May I would say that market will test "lower extreme" - 1.0470.
I suspect that recent rally was more cause by short covering then by strong buyers.
I think that we have not seen "final bottom" yet.