Rally of EUR Finished?

In a weekly chart of EUR/USD, the value seems to loose the momentum of appreciation. The weekly candle showed long tail until today ahead of very thick negative cloud. In a daily chart, through the convergence of all of moving average lines, gathered power seemed to start moving with a direction.

But, on the other hand, as convergence of moving average lines means the volatility rather than a direction, we should be cautious about turned to be weaken again on EUR against USD in short term, at least...

And, if then, what are implications for global financial markets? At first, it will signal strong USD. The noise in EM, especially in China and Asia, would be louder than now... That said, negative momentum in risky assets could be continued further... And then, how is the fixed income market? Should we buy long-end treasuries...? Or it could mean the possible policy rate hike by Fed... if then, we would be reluctant to buy bonds...