ERUUSD is currently rally in correction range of 1.046 to 1.16 . I am modestly bullish in this pair now. 1st target zoon is almost reached for profits taking. Then the market could either rally up from there to target 2 area after a little consolidation or the market could start a sharp correction and rally up after that. The key of the market now is the low of 1/3/2017 has to be hold. Otherwise we could start another big bear leg.