Why do we expect the euro to grow? In the previous two months, we saw a recovery of the EURUSD from the 0.95000 level. Today's high was at the 1.00500 level. The euro jump was 1000 pips, and now we have reached a huge resistance zone. So we cannot rule out seeing a continuation of the bearish trend and a new fall in the European currency.
Context matters, this is great context and I agree. After a 1000 pip rally and resistance/indecision being shown at 1.0500 level I also believe a correction in the market is inbound.