Eur continues to decline and is still showing signs of falling even further. I went short around 1.2500 and is still holding onto this position, my expectation is that euro should continue to decline and may breakout below 1.2085 or even lower. On the way downwards, the key lines to look for include 1.2270, 1.2085 and 1.1700. If these lines are breached, then I expect further decline towards 1.1462. As it is on the weekly chart, only a short position looks more ideal and can be advised.
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