Recently, EUR rose above the resistance line 1.1167 but has currently retraced back to it. Unless this line is clearly breached to the lower side by a big red candle, I expect a rejection from this line to buy EUR towards 1.1248. On the Hourly chart above, buy positions seems more ideal and can be recommended towards 1.1248. Sell positions could be reconsidered below 1.1167 but only upon a clear breakout.
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