Now EURO has proved its short-term bullish pattern by testing level above 1.27 level. As I was saying during last few weeks that Euro is making a medium term bullish pattern which can take it around 1.34 level so now that is the next milestone for it. But for that Euro needs to spend more time above 1.27 range.
On the other hand Euro is facing up moves during last couple of weeks so in coming days we may see minor correction. Therefore 1.24 level may act as a solid support for it but I do not think that it will be going to break that in coming week, in fact if it corrects Euro may move around 1.25–1.26 ranges.
[EURO is given against US dollar and it is
market price.] US
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