EUR is currently moving upwards and would possibly test its last high (the previous big black candlestick). Once this resistance breaks, the next point would be at the upper line of downtrend channel which is at around 1.26.
Today Germany would announce its Consumer Price Index, which reveals the place's inflation rate. It relates greatly to the decision of whether to raise interest rate or not, hence EUR would be greatly influenced too. For news trader, it might be great time to trade EUR.
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