EUR is currently trading within a rising wedge formation. I expect a breakout below this wedge, to short EUR towards the support line 1.1167. A break below this support line may extend lower towards 1.1083. At the moment, unless there's a clear bearish breach below 1.1245 with a big red candle, I expect a rise towards the weekly resistance line 1.1448. On the 4 Hour chart above, buy positions seems more ideal.
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