We stated in our last report that "the setback Friday from ahead of barriers at 1.1467 and 1.1500 leaves a negative bias within a very near term range" and the setback from 1.1430/45 Monday to push through 1.1328 lends a still bear bias.
Moreover, whilst minimally below the 1.1534 rebound peak, we see the longer term bear trend as very much intact into the 2nd half of February.
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2 Hour EURUSD Chart