Recently, Eur broke out below the support zone 1.1876-1.1841, retraced back to it but failed to penetrate above it. I went short short after this retracement and is still holding onto this position. My expectations is that the price should continue to plummet towards the daily support line 1.1460. If this support is broken, then I'll wait for another break below 1.1402, to confirm a bearish rally towards 1.0872. If the price is rejected from 1.1460, then this will be a perfect place to buy Eur.
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