Euro is at a very tight place right now. This phase is the accumulation phase. A lot of buyers have bought at this level and the previous low. However for the market to move upward it has to take out this liquidity first. I expect a downward momentum today and tomorrow. Mid of the month is when we should expect a trend change. Otherwise keep your targets at 0.9515 stops above 0.9730. Even if the news comes out bad for the dollar I still expect a push down.
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