EU Weekly Analysis

Weekly: The after the previous week bearish engulfing signal, the pair has undergoes a minor pullback to the nearest resistance at 1.165. It highly possible that the pair will continue its downward move at that level if a rejection signal shows. If not, it will continue upwards to challenge 1.175 region before it drop downward. The downside target is 1.45.
Chart PatternsTrend Analysis

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