Euro's prolonged weakness has created more bearish approach against all of it's pair. Yet it was trading in a range against Swiss for last 10 days and it may break upside for a short profit. Please find the analysis on 4 HR chart,
The upper trendline has been attempted to breakout many times but this pair failed to do so. But today's CPI data may give a new life for EURO which may help to bring in some buyers soon. If the breakout happens, it is better to close the profit at 1.086, as keeping long on EURO for longer period is not advisable!
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