Following the false breakout above 1.1224, EUR dropped almost 100 pips and could still fall today. The current upward consolidation is a retracement in form of a flag and is not good to be bought, instead, I'm waiting for a breakout below this flag to short EUR towards 1.1082. On the hourly chart above, the current upward consolidations to rise towards 1.1167, thus, as a conservative trader, you could place a pending sell limit order around 1.1167 just in case the price retrace back to this resistance line.
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