Recently, after breaking below 1.1676, Eur retraced back slightly to the upper side before picking a momentum to the lower side. My stop loss was taken out when price went below 1.1819. Unless there's a clear bullish breach above 1.1819 and most importantly above 1.1676, I expect a drop in price towards 1.1740 and could breakout even lower. According to the 4 hour chart above, I can only recommend picking a short position now with your take profit fixed at 1.1740. Technically, you could wait for a sell signal around 1.1790.
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