Instead of going long as forecasted last Monday, Eur continues to pullback upwards but is still below 1.1716. I'm still into selling this pair, especially while the price is below 1.1716, if the price can rise above 1.1716, then further rise towards 1.2760 is expected. As is it on the weekly chart above, I choose to remain flat, and only buy on a bounce from 1.1452 or on a breakout above 1.1716 with an ultimate take profit at 1.2760.
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