For the moment the pair is supported by the diagonal upward trend line on a monthly graphic. If the weekly bar closes above 1.35-1.352 it is likely to occur a reverse for north. The 4 hourly chart, the last two bars with long shadows give signals for profit taking from the decline of the euro during the week. If today, the price moves above 1353 we will have a sure signal for a direction. The trend of the big weekly chart remains upward. Yesterday the euro had repeatedly made new lows, but then it recovered its loss despite strong U.S. data in the afternoon. That brings us to the though of exhaustion of the sales. We'll wait for a reverse of smaller graphics.
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