Ella 
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Yesterday we expected the euro to trade in the 1.0845/1.0900 range. However, the euro rebounded slightly to a high of 1.0913. The modest gains did not lead to a significant increase in momentum. We still expect the euro to be stuck in a range trading between 1.0870/1.0915.
The next 1-3 weeks: Yesterday (August 21, market price 1.0870) we pointed out that “downward momentum has strengthened, but not by much. Although the euro has room to fall further, the lack of momentum indicates that any decline may slow down.” Yesterday, the euro slightly The rebound, downside momentum is starting to fade, but temporarily. However, only a break above 1.0930 would indicate that the euro is not ready to fall towards 1.0830.
