The 8 hour chart shows a range between 1.1315 and 1.1430. The EUR/USD currency pair will be into a bearish retracement below 1.1315. This retracement in the near term is indicated also by MACD.
According to the daily chart, the stochastic oscillator indicates a beginning of retracement until at least 1.1246 (Fibo 0.38).
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