Two days ago I wrote that even if the long-term trend remains short, EurUsd may have found a bottom and a correction becomes very likely. Yesterday, after yet another drop under 0.99, EurUsd has strongly recovered and now is trading slightly under parity. Considering the lack of power from the bears to clearly break support we can expect a reversal and a daily close above parity would confirm 0.9880 as a bottom (at least for now) This correction could have 1.03 as the target and 1.01 as interim resistance