Has the tide now turned for the euro?

Have we moved from rally selling to dip buying in the euro?

It only takes a moment to turn a market right around and that moment may have been Draghi today

I don't for one minute suggest we'll be seeing 1.20 anytime soon but the expectation of a more dovish ECB is/has washed out

The big event now is the Fed and while that's a dollar positive, the effects may not be as great now

I've said for a while that I fancy short dollar after the FOMC and you can now throw the euro into that pot

The euro's sitting nicely above 1.0800 now and that looks to be where we're making camp. A poor NFP tomorrow could be fun and games, while a good number might tempt the euro dippers out the woodwork

Draghi entered the meeting like this;

And left like this;

The euro may have done the opposite