After bouncing off from the resistance line 1.1856, Eur has been in a constant downtrend and will continue to drop even further. For the past few days Eur has been trading with an increasing bearish bias momentum and will continue to fall even during this intraday. Thus, today, I expect a decline towards 1.1570 and could decline even further towards 1.14. My advice, if you are not into a short trade already, you could wait for a pullback to the upper side, then pick a short pick position around 1.1757 with your take profit at 1.1570.
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