Overall, the outlook for the euro remains bullish, as shown by the MACD are still in positive territory and rose by RSI reversal signal and stochastic on the 4-hour chart. Break back up resistance around 0.1370 area will trigger further bullish momentum to test the 1.1500 area. Meanwhile, the failure to break above 0.1370 area could continue the bearish correction phase towards the area of 1.1260 or even 1.1150 area.
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