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EUR/USD rally unlikely to last
EUR/USD is regaining ground following the completion of a double top formation earlier in the week. This comes at an area where we were looking for a reversal lower and as such, another move lower seems likely from here.
That being said, we could see further gains over the short-term, yet with trendline and 76.4% ($1.1329) resistance up ahead, any such rally would be seen as a good opportunity to get short.
Essentially, a bearish short-term view is held unless we see an hourly close above $1.1355.