After reaching the 4 hour resistance zone 1.1677, Euro declined in price and is still showing signs of falling even further. If you didn't short around 1.1677, you could wait for minor pullbacks to the upper side then pick a short position with your take profit at 1.1582. As it on the 4 hour chart above, only a short position can be recommended towards 1.15. On the way downwards, the key line to check for include 1.1715, 1.1655 and ultimately 1.1582, if these lines are broken, then further decline towards 1.14 is expected.
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