EURO got the initial support of 1.245 and looks like that it is making that very short-term positive pattern which I mentioned in last week. But I am still not fully confident about it as many times this type of short-term pattern did not work. But if it works then EURO can go above 1.28 may be around 1.29.
On the other hand if it still maintains its resistance level of 1.26–1.27, then it has more chance to drop in coming days. Here if EURO breaks 1.245 then it has a chance to make very short-term double tops and therefore it may test its good support level at 1.22. Though its long-term pattern demands EURO to go below 1.187 but if it does not drop below that level then good days are waiting for EURO in future.
[EURO is given against US dollar and it is
market price.] US
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