The Eurozone inflation data should be negative for the Euro once the initial volatility calms down. I think this jump is therefore a chance to sell.
There is a band of resistance $1.3776/$1.3796. Also the 200 hour moving average is a basis of resistance at $1.3793.
I have placed my stop at $1.38160 (40 pips) which is above resistance within the downtrend at $1.3808
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