The currency pair has recently squeezed some money out of retail investors. Several posts in the last 2 weeks appeared on the reddit forum with the short positions presented. Everyone was going short every now and then at local levels. As you can see, investors are theirs and the market is theirs. Currently, we have a chance to continue the downward trend. The price has reached the overbalance level, which is the largest correction in the trend movement. The level coincides with the resistance and today’s data for the dollar are forecasted as hawks which may weaken the euro.