I would expect this to be bullish short term for the euro but not long term. Luckily, I only went long with 0.1 micro lot because I "didn't want to miss a move". Had I seen the kinds of setups I'm looking for, I would have gone with a larger amount. If you want to read something funny, I actually went long against the Canadian dollar by mistake. My platform was on that chart and totally forgot it was not against the USD. Anyway, in my FX Open account, I ended up paying like a 12 pip spread. Sheesh, at least I know now the spreads are way larger against the CAD.