I am standing aside for now. I am still looking to short the EU. Notice the Head & Shoulders reversal pattern I have highlighted on 1 hour chart (H1). If and when we get a break of that neckline EU should gain bearish momentum. If EU doesn’t break the neckline and heads north I will be looking to take a small short when price reaches 1.4326 level. I would also like to mention that the ECB stated that “Euro rise is not welcome.” The ECB also “left the door open for further rate cuts.”
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