EUR/USD is facing 1.1690 resistance. A breakout of this level will indicate that lengthier consolidation for the downtrend from 1.2092 (Sep 8 high) is underway, then a further rise towards the falling trend line on the 4-hour chart could be seen.
On the downside, as long as 1.1690 resistance holds, the downside movement could be expected to resume, and a breakdown below 1.1554 support could take the price to the 1.1400 area.
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