Europe is struggling with many problems. Vaccines are one reason because pharmaceutical companies are not bringing enough into the market by modernizing their factories. Additionally, restrictions introduced in many countries are endless. The defrosting of the economy is slower than expected. And an additional aspect is the deliberate lowering of the Euro price. So you can see how many factors work in the Forex market. Our task is to adapt to what we see. And now I can see that we are supported by the price which has rebounded. I intend to enter a short position after breaking the support with the assumption of filling overabalance which coincides with the next support.
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