For almost a week now, Eur has dropped almost 100pips and could drop even further. Unless 1.1448 is clearly breached to the upper side, I expect further decline in price towards 1.0443 and could break lower. A breakout above 1.1448 will mean waiting for a pullback to the just broken line to long Eur towards the weekly resistance line 1.2766. On the weekly chart above, I'm good to remain short, I may only consider a buy position on breaking above 1.1448.
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