Above is the 4-hour chart of Euros (EUR=). The 17-nation currency is currently moving within a flag with narrowing range, and is going to break out either side. On the chart, we can observe MACD and RSI divergences, which tell us that the price of Euros would probably go lower due to lack of momentum. If the break down is confirmed, by Fibonacci project the target price would be at as low as 1.16. Good luck.
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