Previously, we wrote; “The Euro managed to re-test the 1.1760-1.1750 range as expected.
Moreover, the trend remains flat.”
The Euro, dropped lower on Monday towards the 1.1698 area.
Currently, the Euro managed to pull-back at 1.1750 area.
At this point, we continue to see momentum weakness on the larger time frame, which should place more pressure on the Euro potentially dragging the price back to 1.1690.
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