Euro is currently an in active downtrend. As long as the price remains below the upper trendline, we are looking forward to the continuation of the last impulsive wave (E) to the lowerside and should see the price break and close below 1.1719 or even lower. If yu are looking at this chart right now, my recommendations is that keep looking for long term sell positions, however, if the price breaks above the upper trendline, then we will be looking for a low risk buy position.
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