Recently, Eur rallied higher and even reached the highs of 1.1860, but is currently pulling back to the lower side. According to the hourly chart, the price just went below a key resistance line 1.1798, and while the price is still below this line, I expect further bearish pullback to the lower side towards 1.1469. On the way downwards, the key lines to look for include 1.1475, 1.1615 and 1.1707. If these lines are breached especially 1.1475, then further decline in price towards 1.0494 is expected.
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