Last week I was expecting that Euro may test 1.34 but this week it faced small corrections. Now a bounce in the upside may not be ruled out from this level. But if it fails to break this 1.32 range then it may create a bearish pattern which may take it to re-test 1.27-1.28 range.
During last few weeks I was talking that Euro may test 1.34 level and now in coming week it may become true. But even if it tests 1.34-1.35 levels I am expecting a good resistance in that level so Euro may drop from there. Therefore initial support will be around 1.30 ranges and next in 1.27-1.28 range.
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