Last week I was expecting a bounce in Euro but it did not happen or I would say we may have to wait little more for that. In the last two days it was trying to test 1.30 but closed in lower position. Now 1.34 is far for Euro and levels around 1.30 are its first target and thereafter 1.32 levels.
If it fails to break this 1.32 range then Euro may create a bearish pattern which may take it to re-test 1.27-1.28 range but this prediction is based on the fact that Euro may again test 1.30 or higher level in coming days. There is another chance that Euro may not test higher positions and may drop from this level. Therefore it will face support at around 1.25 levels.
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