Eur is currently trading slightly below it's daily pivot line 1.1347 but below a key weekly resistance line 1.1448. Unless 1.1448 is clearly breached to the upper side with a big green candle, I expect the downward rally that began yesterday to be a rejection from this resistance line and will push the price to the lower side towards 1.0443. On the weekly chart above, short positions looks more ideal and can be recommended unless 1.1448 is breached.
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