EURUSD short trade oppurtunity amid ECB rate halt

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Driven by recent ECB rate decisions and technical indicators. The ECB's pause on rate hikes amid lingering inflation concerns has led to a mild appreciation in the pair, closing at $1.05930 during the week ending October 20, 2023. However, technical analysis reveals a broader bearish trend with critical support at 1.0500. A break below this level could signify a stronger bearish control.

Entry Point: 1.0566
Take Profit: 1.0500
Stop Loss: 1.0600

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