EUR/USD dropped from 1.1034 to 1.0782 EBS following Fed/ECB/NFPs

Significant fall may persuade traders that rally has found its limit

Many EUR/USD traders are long, and many of them are making money

Decision to pare exposure and book profits likely an easy one

Targets for minor corrections of Nov-Feb rise are 1.0679 and 1.0459

Corrections for 2023 gains are 1.0758 - 50% and 1.0693 - 61.8%

Traders have wagered $18.2 on a rise, selling $25 during the rally