Few weeks ago, I expected a clear decline towards 1.1720-1.1457 to pick a long position, however, Eur pulled back slightly to the lower side before picking another momentum to the upper side. Failure to pullback towards the just stated zone is a clear indication that the bulls are in control, thus, I expect a rise towards 1.2554 or even higher. At the moment, buy positions seems more ideal and can be recommended especially while the price is still below 1.2554, sell positions can only be recommend for intraday traders seeking to pick short term positions within the long term trend.
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