On the weekly chart above, I expect EUR to rise towards 1.1448 where I've placed a pending sell limit with a stop loss slightly above 1.1756 and a Take profit at 1.0443. If this line, 1.1448, is clearly breached to the upper side with a big red candle, I expect further rise upwards towards 1.2766 and even further upwards. My advice, you could wait and short EUR upon a clear rejection from 1.1448 or on a breakout above this line to long EUR.
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