From my last analysis, you will find out that the chart found a support level @1.047 and coupled with some economical data favouring EUR at that moment it went a bit higher but GUESS WHAT ? on H1 CHART a VERIFIED Resistance level has been formed indicating double top ( check posted chart for better understanding ).
This simply means there is a High tendency of the price falling further and on the contrary wait for a serious break in the support level.