As I said earlier, Eur merely continued higher last week, but still below the monthly resistance zone, 1.2204-1.1818. Unless there's a clear breakout above this zone, I remain adamant to buy Eur. There's a little contradiction between the weekly chart and the monthly, while the monthly chart is showing a potential long term sell, the weekly chart is still bullish. Instead of selling or buying Eur now, I choose to remain flat, and wait for the weekly buyers to buy, then I'm going to sell alongside the position traders looking to sell on the monthly chart.
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