After a sharp decline on Friday, Eur is showing signs it could decline even further. This is retracement to the lower side towards 1.1457, on the way downwards, key lines can be seen around 1.1720, 1.1614, and 1.1457. If the last resistance line is broken, then Eur could plummet further towards 1.0477. However, should the price get rejected from the above lines, then I'll pick a buy position especially around 1.1457 with my take profit fixed 1.2161. On the daily chart above, I expect further bearish retracement to the colored zone to pick a buy position.
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