The decline Of Euro has been abating since last week. There are two main reasons why EUR could take a breath for the time being.Firstly, we cannot see a relative huge shorting-cover occur until last week. Secondly, EUR would outperform AUD and NZD as a funding currency when stocks market reminds its weakness which has dropped over 10% away from highest level this year.
It has always been busy in the first week of a month, especially when we have moved to Q4 this year. Basically, coming to the last quarter of this year, we should be more cautious in our positions if you did a great performance before, but I would not be carefully to miss many trade calls. Since July, more than one evidences have proved that US economy backs its positive path. When the US dollar and US stocks go higher together which means currently situation is best case for US economy.