EURO is due to react on its pattern in coming days, provided it does not cross 1.35 level in the higher side. There is a chance that EURO is going to test lower levels in the later part of coming week, though at the beginning it may test level around 1.33. If this pattern is true then we may see EURO at around 1.25 in coming future. Therefore its long-term pattern which says that EURO will be around 1.15 may become true.
As I said in my last weekly review, I will think about its upside when EURO crosses 1.36. One thing is sure, still there is chance to create lot of short positions in coming week.
[EURO is given against US dollar unless specifically told.]
(For this week’s review see – World Equity Market: Currency market review (weekly) after 16th ...)
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